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Best Small Business Loans in Omaha, NE

Nov. 19, 2019, 10:57 p.m.

Omahans are entrepreneurs, and almost all entrepreneurs need funding at some point. If you’re starting or growing a business, a business loan helps you purchase equipment and inventory, expand your offices or increase your marketing budget. Our partners at ConsumerAffairs researched the best business loans in Omaha to help your company succeed.

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#1
RECOMMENDED
Seek Business Capital

Startup Consulting • Business Services

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#1 MOST POPULAR
Seek Business Capital
Seek Business Capital
Features
  • Available in Omaha
  • More than 92% funding approval rate
  • Same-day funding approvals
  • Apply online
Read More
#2
Imperial Advance
Imperial Advance
Features
  • Available in Omaha
  • Financial consulting offered
  • Flexible loan programs
  • Get funds in 24 hours
Read More
VISIT WEBSITE
CALL IMPERIAL ADVANCE
(888) 633-2083
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#3
National Business Capital
National Business Capital
Features
  • Available in Omaha
  • More than $1 bilion in funding secured
  • Multiple financing options
  • Expert financial advisors
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#4
Mutual of Omaha
Mutual of Omaha
Features
  • 110 years of serving the Omaha community
  • Adequate capital for real estate development financing
  • Custom financing solutions
  • SBA-preferred lender
Read More
Location
3333 Farnam St.
Omaha, NE 68131
(402) 351-5118
#5
Core Bank
Core Bank
Features
  • Locally owned, full-service bank
  • 7 Omaha locations
  • Short- and long-term loan options
  • Commercial real estate loans
Read More
Location
17807 Burke St.
Omaha, NE 68118
(402) 333-9100
American National Bank
American National Bank
Features
  • M-F: 9am - 5pm
  • Sat: 9am - 12pm
  • Closed Sun
  • american.bank
Location
8990 W. Dodge Rd.
Omaha, NE 68114
(402) 399-5016
Centris Federal Credit Union
Centris Federal Credit Union
Features
  • M-F: 9am - 5:30pm
  • Sat: 9am - 1pm
  • Closed Sun
  • centrisfcu.org
Location
11825 Q St.
Omaha, NE 68137
(402) 334-7000
Union Bank & Trust
Union Bank & Trust
Features
  • M-F: 8:30am - 5pm
  • Sat: 8:30am - 12:30pm
  • Closed Sun
  • ubt.com
Location
2720 S. 177th St.
Omaha, NE 68130
(402) 827-1999
Pinnacle Bank
Pinnacle Bank
Features
  • M-F: 9am - 5:30pm
  • Sat: 9am - 12pm
  • Closed Sun
  • pinnbank.com
Location
13131 W. Dodge Rd.
Omaha, NE 68154
(402) 697-8600
Security National Bank
Security National Bank
Features
  • M-F: 7:30am - 6pm
  • Sat: 8am - 12pm
  • Closed Sun
  • snbconnect.com
Location
7805 Cass St.
Omaha, NE 68114
(402) 344-7300

How to get a business loan in Omaha

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Warren Buffett and 10 Fortune 1000 companies call Omaha home, but it’s also a place where small businesses thrive. According to the U.S. Small Business Administration, small businesses employ nearly half of the Nebraska workforce. The city is known as the Midwestern mecca for tech and is a startup hub for all industries.

Business loans are useful for companies at any stage of growth. Small businesses can use them to expand operations and reach more customers. Start-up companies, which are increasing in Omaha’s growing tech sector, can use the funds for operating costs while building their product or service.

Types of business loans in Omaha

The loan that’s right for your Omaha business depends on the amount, your financial projections and the purpose of the loan. The most common business loans are:

Type Description Collateral Down Payment
Term loans The most common type of business loan, where money is borrowed and paid back on a set schedule. These can be short-term or long-term loans. Usually No
Business lines of credit Similar to credit cards, these loans allow you to access funding up to a specified amount. Interest only accrues on the amount used. Business assets No
Real estate loans Allow you to buy or lease property for your company. Real estate being purchased 10% - 30%
Microloans Small loans, usually $50,000 or less, for startups, newer businesses and companies in disadvantaged communities. Sometimes No
Equipment financing Used to buy equipment for your business. Purchased equipment 0% - 20%
Invoice financing A loan that uses unpaid invoices to get a cash advance. Business’s outstanding invoices No
Merchant cash advances An upfront lump sum of cash that is paid back from a percentage of debt and credit card transactions. No No
Small Business Administration loans A loan offered by third-party lenders that is secured by the U.S. Small Business Administration. These are generally long-term loans with a rigorous application process. Yes 10%

Applying for a business loan in Omaha

The application process for business loans in Omaha will vary by lender. Traditional lenders may put more weight on your credit history and revenue, while alternative lenders might focus on your business plan and viability. Regardless of where you apply, documents you are likely to need include:

  • Tax returns for your business
  • Income statements and balance sheets
  • Bank statements
  • Budgets or financial projections
  • Articles of incorporation, business licenses and a business plan
  • Commercial leases

Many online lending brokers will also have business consultants who can help you create a business plan and gather the necessary information to apply for loans. The Omaha Small Business Network also has consulting services and other resources for startups and small businesses.

Business loan fees in Omaha

When comparing loans, make sure you have a clear understanding of all fees and costs in the contract. Many lenders charge several fees in addition to interest on a loan. The major types of fees associated with business loans include:

  • Origination fees cover the cost of processing the loan.
  • Prepayment penalties are sometimes incurred for paying off the balance of your loan before the completion of the agreed term.
  • Referral fees are charged by loan brokers for referring you to a lender.
  • Packaging fees cover the cost of preparing a loan application to a lender.

Some fees are taken out of the amount of funding you receive from the loan, so ask for loan amount large enough for its intended purpose after paying all fees.

Seek Business Capital

Seek Business Capital

Seek Business Capital is a business investment firm that specializes in funding for startups and small business owners. The company approves more than 92 percent of its loan applications and provides loans ranging from $5,000 to $500,000. Omaha reviewers say they appreciate the company’s personal approach and set of online tools.

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Imperial Advance

Imperial Advance

CALL IMPERIAL ADVANCE

(888) 633-2083 VISIT IMPERIAL ADVANCE

Imperial Advance has secured more than $150 million in funding for more than 50,000 business owners since 2010. The company is an online loan marketplace that focuses on providing small businesses with a variety of financing options. Omaha customers appreciate the staff’s responsiveness and the company’s easy application process.

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National Business Capital

National Business Capital

National Business Capital is a New York-based business financier that provides term loans, equipment financing and lines of credit for small businesses. National Business Capital often works with Omaha business owners who have difficulty qualifying for loans because of poor credit. Reviewers from Omaha say the customer service staff is friendly and helpful.

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Mutual of Omaha

Mutual of Omaha

Mutual of Omaha Bank is a local Fortune 500 banking and insurance company with more than 110 years of experience. The bank has 24/7 online business banking and offers business lines of credit, SBA loans, term loans and commercial real estate loans. Omaha customers give Mutual of Omaha positive reviews for its excellent customer service.

Core Bank

Core Bank

Core Bank is a locally owned bank that offers business banking products and expertise. Core Bank is one of Omaha’s leading lenders for short- and long-term business loans. The bank also provides commercial real estate loans, SBA loans and lines of credit. Omaha customers say the helpful staff takes the time to understand your needs.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.