Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Abita Springs, Louisiana Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Abita Springs, Louisiana? If so, you'll want to talk to some of these small business lenders in Abita Springs.

If you are looking for a small business loan and your business is based in Abita Springs, Louisiana, we've assembled a list of local small business banks that you should contact.

Local Abita Springs Lenders

To assist you in finding a small business banker, here's our list of small business banks in Abita Springs.

Small Business Bank Recent SBA Loans
Citizens Bank & Trust CO - Abita Springs OFC  

Other Lending Resources for Abita Springs Businesses

This is a list of banks outside of Abita Springs, Louisiana that have provided SBA loans to Abita Springs businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Gulf Coast Bank & Trust
New Orleans, LA
2
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
1
Resource Bank
Mandeville, LA
1
Statewide Bank
Covington, LA
1
Zions First National Bank
West Valley City, UT
1

Abita Springs Bank Loan Tips

Before contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of the banks in our list are SBA lenders. Prior to visiting local banks, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Choosing VC Firms.

More Business Loan Info for Louisiana
Get a Business Loan in Abbeville
Get a Business Loan in Alexandria

Browse All Business Loan Sources for Louisiana