Small Business Financing Columbia MO

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

Steven Erickson
Erickson Financial Solutions, LLC
(573) 874-3888
3610 Buttonwood Blvd, Suite 200
Columbia, MO
Expertises
Retirement Planning & Distribution Rules, Ongoing Investment Management, Middle Income Client Needs, Hourly Financial Planning Services, High Net Worth Client Needs, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, CRPC, JD, MBA, AWMA

Dr. Robert O. Weagley, CFP®
1000 W Nifong Blvd
Columbia, MO
Firm
University of Missouri

Data Provided By:
Mr. Kenneth G. Geel, CFP®
(573) 449-0018
33 E Broadway Ste 190
Columbia, MO
Firm
Landers, Weiss & Co., LLC

Data Provided By:
Mrs. Betty J. Schuster, CFP®
(573) 446-0389
2000 Forum Blvd
Columbia, MO
Firm
Schuster Financial Services
Areas of Specialization
General Financial Planning

Data Provided By:
Mr. Stephen C. Neely, CFP®
(573) 443-5001
2012 Cherry Hill Dr Ste 202A
Columbia, MO
Firm
Ameriprise Financial Services, Inc.
Areas of Specialization
Estate Planning, General Financial Planning, Investment Management, Investment Planning, LGBT Individuals and Couples, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

Data Provided By:
Mr. Ed J. Petersheim, CFP®
(573) 445-3331
7900 Highway 40 W
Columbia, MO
Firm
Tiger Tax Service

Data Provided By:
Mr. Jason R. Lawless, CFP®
(573) 443-8871
203 E Nifong Blvd Ste AA
Columbia, MO
Firm
Edward Jones
Areas of Specialization
Comprehensive Financial Planning, Investment Management

Data Provided By:
Mr. Carroll Wilkerson, CFP®
(573) 875-3939
2790 W Mill Creek Ter
Columbia, MO
Firm
Waddell & Reed
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, General Financial Planning, Investment Management, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $500,001 - $1,000,000

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

Profession: Medical/Dental Professionals

Data Provided By:
Mr. Rodney M. Loesch, CFP®
(573) 875-4494
200 East Southampton Dr.
Columbia, MO
Firm
Waddell & Reed Inc.

Data Provided By:
Mr. Adam M. Wheeler, CFP®
(573) 443-1654
1902 Corona Rd Ste 202
Columbia, MO
Firm
Lincoln Financial Advisors
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, Healthcare Planning, Insurance Planning, Investment Management

Data Provided By:
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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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