Find Out Which of Our Three Small Business Loan Options Is Best for Your Needs
Running a small business takes hard work, determination, and financial resources to pay your employees, purchase equipment, and cover your overhead.
Whether you’re starting a new venture, expanding your current business, or just need help managing daily expenses, the right banking partner can make a big difference. Verimore Bank offers a variety of business loans for small businesses designed to meet your needs and help you grow with confidence.
What Is a Small Business Loan?
A small business loan is money you borrow from a lender, either as a lump sum or a revolving line of credit. These loans are used to support various business needs, such as launching a new company, expanding into new locations, purchasing inventory, hiring employees, or upgrading equipment.
For example:
- A local bakery might use a small business loan to buy a commercial oven.
- A construction company may need funds to buy new equipment or hire seasonal workers.
- A tech startup could use a revolving line of credit to manage cash flow during slower months.
A small business loan gives you the financial flexibility to meet your goals and overcome challenges. Verimore Bank specializes in small business loans that are personalized, practical, and designed to help your business thrive. As a local bank with community-based values, we take pride in supporting local business success.
Schedule an appointment with one of our bankers to learn more about small business loans.
Choosing the Right Small Business Loan
When choosing among business loans for small businesses, it’s important to think about how you plan to use the funds, how soon you’ll need them, what you can afford, and how quickly you can repay the loan. Verimore Bank’s lending experts will work closely with you to understand your goals and help you choose the loan that makes the most sense for your business.
Here are a few key factors to consider:
- Loan purpose: Are you purchasing property, equipment, or just managing daily expenses?
- Loan term: Do you need short-term support or a long-term investment?
- Interest rate and fees: What’s the total cost of borrowing?
- Repayment schedule: Can your business comfortably handle monthly payments?
Getting a small business loan is a big decision, but it doesn’t have to be overwhelming. Our team is here to answer your questions, explain your options, and walk you through the process from start to finish.
Call (855) 871-3303 to get started.
Types of Small Business Loans Offered by Verimore Bank
At Verimore Bank, we understand that no two businesses are alike. That’s why we offer multiple types of small business loans to meet different needs. Our experienced lending team can help you decide which option is best for you.
Commercial Real Estate Loans
If you’re planning to buy, build, or refinance a business property, a commercial real estate loan is ideal. This loan helps you secure the space you need to operate, such as a retail storefront, an office building, a warehouse, or a rental property. Getting a small business loan for real estate can be a smart investment in your business’s future.
Equipment Financing
Almost every business relies on equipment to get the job done. Whether it’s farm machinery, medical devices, vehicles, or kitchen appliances, equipment is a major — and essential — investment. Verimore Bank offers equipment financing as a small business loan option that allows you to buy or lease what you need without draining your cash flow.
Equipment financing is ideal for:
- Mechanics purchasing new tools to better serve customers.
- Farmers investing in new agricultural machinery before harvest season.
- Health care clinics upgrading to modern imaging equipment.
Revolving Lines of Credit
A revolving line of credit is a flexible form of financing that gives you access to funds when you need them. Unlike a one-time loan, a revolving line of credit allows you to borrow, repay, and borrow again. It’s similar to a credit card, but often with better interest rates and terms.
Revolving lines of credit are appropriate for:
- Retailers who want to stock up on inventory before a big sales season.
- Contractors covering payroll while waiting for invoice payments.
- Service-based businesses that are managing bills and overhead during slow periods.
Verimore Bank’s revolving lines of credit are a trusted tool for getting a small business loan that adapts to your schedule and needs. Contact us to talk to a banker!
Why Choose Verimore Bank?
When you’re searching for a small business loans bank, work with one that knows your community and truly cares about your success. Verimore Bank is committed to helping local businesses in Missouri and surrounding regions grow and thrive. We offer competitive rates and personalized service to make the loan process as seamless and convenient as possible.
Business loans for small businesses don’t need to be complicated, especially when you partner with a bank that understands what it takes to run a business. Whether you need to purchase equipment, buy a building, or manage seasonal expenses, Verimore Bank can help you find a solution.
Ready to take the next step? Stop by one of our local branches in Brookfield, Eagleville, Kearney, Milan, and North Kansas City or schedule an appointment with one of our bankers to learn more about your small business loan options.