Business Banking

Resource Center Business Financing Overview

Business Financing Overview

Getting financing for your business is important. Finding the right financing can be the difference between a temporary solution and long term success. When choosing a bank to provide financing for your business, answer these questions first:

  • Is the bank locally owned?
  • Does the bank know my market?
  • Is the bank involved in community events?
  • What kind of reputation does the bank have in the community?
  • Does the bank have convenient locations?
  • Does the bank consistently provide financing to many types of businesses?
  • Does the bank employ experienced, knowledgeable staff who are acquainted with you and your type of business?

First Bankers Trust Company offers different types of financing for your business. Our financing includes competitive rates and terms and courteous, professional service. Whether you need to finance a new business, raise capital for an expansion, or manage your cash flow, we invite you to talk with one of our experienced lending officers. All lending decisions are made locally, by people familiar with you and your business.


Business Proposal Tips

Is your business plan one you can take to the bank?

A well-planned loan proposal makes a favorable impression of your company and enables the bank to work more quickly to put the needed financing in your hands sooner! Although the specific items required in your loan proposal will vary with the type and terms of the loan, here are some frequently asked items:

  • A history of your business
  • When was your company established and by whom?
  • When did you take ownership of the business?
  • What products or services do you sell?
  • What is your geographic market area?
  • How do you market your product or service?
  • How will this loan affect your business?
  • How do you describe your business and its market niche?
  • Details about your company's compensation and benefits packages
  • A detailed description of collateral offered
  • Insurance coverage documentation, as appropriate
  • Borrower's financial information
  • Three years business financial statements and current interim statements
  • Three years tax returns
  • Current accounts payable aging
  • Current accounts receivable aging
  • One year income/expense projections