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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Acme, Washington

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Acme, Washington, we've put together a list of local small business banks that you should contact.

SBA Lenders for Acme Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
U.S. Bank National Association
Cincinnati, OH
1

Business Loan Advice for Acme Businesses

Prior to reaching out to lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the lender.

A well-defined business plan is is critically important. If the capital 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 secure 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to do your homework 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 get up to speed on the subject. If you haven't read it already, we recommend you review Choosing VC Firms.

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