You have a great idea. You have a plan. And you have passion and enthusiasm to spare.
You’re ready to start your new business. Now you just have to get on firm financial footing. Contact the friendly and professional staff at Kerndt Brothers Bank. We offer a wide range of commercial loans to meet your business needs, including:
- Revolving lines of credit
- Capital for start-up expenses or business expansion
- Construction loans
- Land and building loans
- Equipment loans
You can also take advantage of many free resources to kickstart your business. Contact a SCORE coach for free and confidential business advice or the Small Business Administration (SBA). You may qualify for additional loans and grants.
The SBA, for example, offers general small business loans as well as a microloan program. Learn more about SBA loan programs.
Before you apply for a loan, you’ll need a good grasp of your future business costs. An excellent first step is to complete a market analysis. Examine the potential size, profitability, and growth rate of your business. Outline your SWOT (strengths, weaknesses, opportunities, and threats) position in relation to other similar companies.
Armed with a sound market analysis, you’ll have a better idea how much capital you need to move from idea to reality.
You might also consider crowdfunding to raise capital. Crowdfunding is a method of soliciting small donations from many people to fund a new project or business. Check out this infographic from Entrepeneur.com to learn more.
Large individual donors and angel investors—generous people who provide money to business start-ups—might invest substantial amounts if they believe in you and your business. In fact, according to an article on Inc.com “angel investors invest more than $20 billion into U.S. startups.”
Once you’ve raised the necessary capital, let the experts at Kerndt Brothers Bank helps you find the ideal way to grow your money.
For the day-to-day operations of your business, Kerndt Brothers Bank offers many types of banking accounts and can recommend the best option for you. You’re certain to find a good fit among this list:
- Business Basic Checking
- Business Regular Checking
- Organization Checking
- Business Interest Checking
- Business Money Market Deposit Account
- Business Savings Account
- Certificate of Deposit
At Kerndt Brothers Bank, we look forward to helping you grow your business. After all, we’ve been helping Iowans for more than a century. We’re professional and honest in everything we do. Contact us today, visit our contact us page for locations.Follow me on Google+