Build your business with confidence - get the funding you need with our small business loans.
Apply Now
Call 858.704.2444
OVERVIEW
Specialized Financing For Your Kansas City, MO Business
There is no one-size-fits-all solution at Steer Financial. With your small business in mind, we'll find the best financing options to address your needs in whatever state your business may be.
Easy
Application
Easy application and approval process.
Expert
Support
Funding specialist support from start to finish.
Flexible
Options
Tailored financing options for your business.
Quick
Funding
Get funded within 24 hours from loan approval.
Talk to one of our funding specialist to secure the right financing for your business.
Get Started
What Is a Small Business Loan?
KANSAS CITY, MO SMALL BUSINESS LOANS OVERVIEW
What Is a Small Business Loan?
Small businesses are essential to Kansas City's economic landscape. They contribute to employment generation, economic expansion, and community development, being the backbone of local communities. Small companies in Kansas City are individually owned and run firms with limited resources, including financial capital, and often fewer employees than larger corporations. Small businesses in Kansas City often face challenges inobtaining access to the financing required to grow their business or invest in their operations. Small business loans might be a lifeline for the numerous small businesses who lack the financial resources to support their operations independently. Kansas City small business loans are a key funding option that may be used for a variety of purposes, including expansions, payroll, inventory, marketing, and other typical operational expenditures. At Steer Financial, we understand the unique financial needs of small businesses inKansas City. We work closelywith more than 45 leading lenders to connect businesses with the most suitable finance options. Our loan application process is streamlined and efficient, making it simpler for small businesses to obtain the necessary financing.
Kansas City Small Business Loan Topics:
There are several types of small business loans, such as term loans, lines of credit, equipment loans, and SBA loans. To qualify for a small business loan, it is often necessary to meet specific requirements, such as a strong credit score, demonstrating business profitability or potential, providing collateral, and having a detailed spending plan. But, at Steer Financial, we recognize that small businesses may faceobstacles in satisfying all of these standards, and we work with our clients to explore alternative financing choices and identify the best financing options that are bestsuited to their specific needs. Let us assist you in expanding your small business and achieving your business goals. Call us today to learn more about our programs below and how we can help you obtain the finance your Kansas City small business may need.
Talk to one of our funding specialist to secure the right financing for your business.
Why Choose Steer Financial?
THE STEER PROMISE
Helping Small Businesses Grow Across The U.S.
At Steer Financial, we understand that no two businesses are alike. We offer financing solutions as unique as the business owners we help. Together, we can help steer your business to its full potential. Step one is determining which type of financing is ideal for your business. We work hard to deliver honest, reliable, and transparent customer service so you can feel confidence choosing us to help you meet your business capital needs.
Serving All 50 States
By leveraging our network of 45+ partner lenders, we can offer tailored solutions to businesses across the U.S. regardless of their size or industry.
Secure + Safe Data
We strive to keep all of your information secure and private. We assign a funding specialist to guide you along the entire process.
10+ Years of Experience
Our expertise has enabled us to understand small businesses and offer the highest level of service to you and your business.
5 Best Small Business Loans
TYPES OF LOANS
5 Best Small Business Loans in Kansas City in 2024
Small business owners searching for Kansas City or Missouri small business loans, might find out that there are a wide range of options available that can provide the necessary financing needed. Each type of business loan has different requirements and benefits. Here are some of the most common types of small business loans:
Apply Now
Merchant Cash Advance
Designed for businesses in need of quick and short term capital. Merchant cash advances are a predetermined advance on the future sales of the business, repaid on a daily or weekly basis. These type of financing is often used to bridge the gap between billing and payment cycles. Providing your business with stable and flexible credit with financing available in as little as 24 hours.
$10,000 - $1 Million
Same-Day Approval + Funding
No collateral required; access additional capital after paying 50% of loan
Learn More →
01
Business Line of Credit
Access a revolving working capital loan that can be used when needed. Business lines of credit are typically unsecured, which mean that business owners do not need to guarantee any collateral. Once a line of credit is open, a business immediately receives access to a fixed, predetermined credit limit. A company can start withdrawing funds instantly and as often as needed. You will only be charged interest on the funds that you actually borrow, and not on the full amount offered. Monthly repayments are set up by the lender at a fixed interest and principal amount. Access to continue working capital occurs as a business owner pays monthly payments.
Up to $1 Million
Same-Day Funding
Only pay interest on the amount that is borrowed
Learn More →
Apply Now
02
Equipment Financing + Leasing
Equipment financing allows businesses to purchase new or pre-owned business equipment via a loan or a lease. Equipment financing allows businesses to purchase equipment with fixed payments over time with intention to own at the end of the last payment. While equipment leasing allows businesses to obtain equipment by regular lease payments without the intention to own at the end of the lease term.
$10,000 - $5 Million+
24 Hour Approval
Flexible programs from 12-72 months
Learn More →
Apply Now
03
Invoice Factoring
Invoice factoring can be used by small business owners who need fast working capital, by using unpaid customer invoices as collateral. This financial solution is mainly used by small business owners whose customers are other small businesses. Invoice factoring is not a loan, but instead working capital in exchange for a percentage fee upon unpaid invoices. Factoring companies take into consideration invoices with NET 30, 60, 90 and so on terms to determine a set amount value.
$10,000 - $2 Million+
24 Hour Approval
Same-Day Funding
Apply Now
Learn More →
04
SBA Loan
Small Business Administration (SBA) loans are granted by private lenders and backed in part by the federal government.
A SBA loan comes in a wide variety of forms and can be used to a wide variety of uses.
Our partnership with Small Business Administration funding programs are a great way to start, expand, or keep your small business afloat with low APRs and a broad usage.
$10,000 - $5 Million
2 years time in business required
Minimum 680 credit score for all applicants
Apply Now
05
*Terms, fees, and other related information is always stated and transparent before presenting any and all offers/financial options to our clients.
What Industries Do We Serve?
INDUSTRIES WE SERVE
What Types of Industries Do We Serve in Kansas City, MO?
We help secure small business loans in all industries by providing customized financial solutions and leveraging our extensive partnerships with top lenders to ensure the best possible funding options for each unique business. Some of the most common industries we serve in Kansas City include:
Medical Practices
Auto Repair
Restaurants + Bars
Landscaping
Retail
Construction
Talk to one of our funding specialist to secure the right financing for your business.
Get Started
Small Business Resources
STATE + CITY INFORMATION
Kansas City, MO Business Resources
City of Kansas City, MO
The official website for Kansas City, MO.
Greater Kansas City Chamber of Commerce
Advice, research, and resources for small business owners and entrepreneurs.
Missouri Department of Revenue
Find information on taxes, access online filing, and forms.
Missouri Secretary of State
File business documents and find other business services.
What Can Small Business Loans Be Used For?
LOAN USES
What Can Small Business Loans in Kansas City, MO Be Used For?
Small business loans are a type of financing that is specifically designed to support any type of small business located in Kansas City. These loans can be used for a variety of purposes that are essential to that particular business type. Below are a couple of points to consider when thinking about what small business loans can be used for:
Business expansion
Small business loans can be used to finance expansion plans such as opening a new location, renovating an existing space, or purchasing additional inventory or equipment.
Working capital
Small business loans can be used to cover day-to-day operational expenses such as payroll, rent, utilities, and purchasing raw materials.
Marketing and advertising
Small business loans can be used to fund marketing and advertising campaigns to increase brand awareness, reach new customers, and promote products or services.
Equipment or technology upgrades
Small business loans can be used to invest in new technologies or upgrade existing equipment to improve efficiency, productivity, and competitiveness in the market.
Talk to one of our funding specialist to secure the right financing for your business.
Get Started
How To Qualify for a Small Business Loan
MINIMUM REQUIREMENTS
How To Qualify for a Small Business Loan in Kansas City
At Steer Financial, we will work closely with formulating a plan for your business. We will assess your business with our partnered lenders to evaluate the strengths and assets your business has to decide on the loan's size and conditions. Strong financial statements and a high credit score might also increase your chances of being approved. To make sure a small business loan is a realistic choice for your business, our funding specialist will walk you through the entire process from start to finish. Below is a quick overview of the minimum requirements in order to get an approval:
Time In Business
At least 6 months in business.
Monthly Revenue
At least $15,000 per month in deposits.
Personal Credit
Minimum of 600+ personal credit score.
Financial History
1 year free from any open bankruptcies
Does your business fit the requirements above? Start your small business loan application today!
Apply Now
How To Apply For a Small Business Loan
HOW TO APPLY
Three Easy Steps to Secure a Small Business Loan in Kansas City, MO
As a small business owner, you have plenty of small business loan options. Small business loans are a great way to expand your business' cash flow and have access to capital at any needed time. Steer Financial offers business financing options for every industry in Kansas City, MO with fast approvals and flexible terms.
Easy
Application
Our team of experts with over 10+ years of experience will help you fill out a simple and short online application completed within minutes.
Get Started
Same-Day
Decisions
We have partnered with over 45+ lenders to ensure that we match your business with the best lender and the most competitive rates. We work quickly to provide an approval in as soon as a few hours.
Fast
Funding
By utilizing our streamlined fast funding approach, your business can access the necessary capital in as little as 24 hours from the moment you approve the terms, ensuring a timely and efficient process.
With Steer Financial As Your Financial Partner,
Anything Is Possible.
Let's Get Started
Start your application process and get closer to your business financing today!
Apply Now
Call 858.704.2444
