Small Business Financing Clinton IA

Looking for Small Business Financing in Clinton? We have compiled a list of businesses and services around Clinton that should help you with your search. We hope this page helps you find Small Business Financing in Clinton.

Mr. Patrick H. Pollard, CFP®
(563) 242-7574
301 N 2nd St
Clinton, IA
Firm
National Planning Corporation
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Mr. Garry E. Medema, CFP®
(815) 589-2502
111 11th St
Fulton, IL
Firm
Genworth Financial
Areas of Specialization
General Financial Planning

Data Provided By:
Mr. Gaylon E. Heetland, CFP®
(563) 659-2991
908 6th Ave
De Witt, IA
Firm
Thrivent Financial

Data Provided By:
US Bank - Clinton Lyons Office
(563) 244-8320
2300 N 3rd St
Clinton, IA
Drive Up Hours
Mon 09:00 am to 05:00 pm
Tue 09:00 am to 05:00 pm
Wed 09:00 am to 05:00 pm
Thur 09:00 am to 05:00 pm
Fri 09:00 am to 05:00 pm
Sat 09:00 am to 12:00 pm

Wells Fargo - Morrison
(815) 772-7611
100 W Lincoln Way
Morrison, IL
Type
Branch
Office Hours
Mon-Thu 08:00 AM-05:00 PM
Fri 08:00 AM-05:30 PM
Sat 08:00 AM-12:00 PM
Sun Closed

Mr. David M. Nelson, CFP®
(563) 242-9042
880 13th Ave N
Clinton, IA
Firm
NelsonCorp Wealth Management
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Estate Planning, Investment Management, Wealth Management
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. Joseph I. Wells, CFP®
(815) 772-7231
301 E Main St
Morrison, IL

Data Provided By:
Mr. Nolan Barry Vosler, CFP®
(319) 659-5139
First Central State Bank Bldg.
De Witt, IA
Firm
LPL Financial

Data Provided By:
US Bank - Clinton County Office
(563) 243-8500
405 S 3rd St
Clinton, IA
Drive Up Hours
Mon 09:00 am to 05:00 pm
Tue 09:00 am to 05:00 pm
Wed 09:00 am to 05:00 pm
Thur 09:00 am to 05:00 pm
Fri 09:00 am to 05:00 pm
Sat 09:00 am to 12:00 pm

US Bank - Dewitt 11th Street Office
(563) 659-9188
712 11th St
De Witt, IA
Drive Up Hours
Mon 09:00 am to 05:00 pm
Tue 09:00 am to 05:00 pm
Wed 09:00 am to 05:00 pm
Thur 09:00 am to 05:00 pm
Fri 09:00 am to 05:30 pm
Sat 09:00 am to 12:00 pm

Data Provided By:

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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