Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Allen, Texas

 
Loan Census SBA Loan Info

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

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

Local Allen Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Allen.

Small Business Bank Recent SBA Loans
Alliance Bank Mortgage Center  
American National Bank  
Bank Of America  
Bank One  
Buckhead Community Bank  
Citibank Texas  

Banks that Lend to Allen Businesses

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

Small Business Bank Recent SBA Loans
Amegy Bank
Houston, TX
1
Amegy Bank
Kingwood, TX
1
Amer Business Lending Inc.
Dallas, TX
3
Amer National Bank - Texas
Terrell, TX
1
Banco Popular North America
New York City, NY
8
Bank - Texas
Dallas, TX
1
Bank Of America
Charlotte, NC
33
Business Loan Center, LLC
Panama City Beach, FL
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
4
Citibank
Garland, TX
1
Comerica Bank
Dallas, TX
3
Comerica Bank
Houston, TX
1
Community Bank
Granbury, TX
8
Compass Bank
Birmingham, AL
8
Fidelity Bank
Plano, TX
2
Independent Bank Of Texas
Irving, TX
1
Innovative Bank
Oakland, CA
9
Jpmorgan Chase Bank
Houston, TX
55
Metrobank
Houston, TX
1
Millennium State Bank Of Texas
Dallas, TX
2
Newtek Small Business Finance Inc.
New York, NY
3
Nexbank, SSB
Dallas, TX
1
Regions Bank
Atlanta, GA
1
Southwest Bank
Fort Worth, TX
1
Texas Cap. Bank
Dallas, TX
1
Texas First Bank Santa Fe
Friendswood, TX
1
The Frost National Bank
San Antonio, TX
1
Transamerica Small Business Capita
Greenville, SC
1
United Central Bank
Garland, TX
9
Viewpoint Bank
Plano, TX
1
Wachovia Bank
Dallas, TX
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
5
Washington Mutual Bank
Houston, TX
1
Wells Fargo Bank
Austin, TX
2
Wells Fargo Bank
San Jose, CA
2

Business Loan Advice for Allen Businesses

Before reaching out to banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 secure the business with 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 these banks 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 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 new to our Gaebler.com site, you should know that we are passionate about aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Getting a Small Business Loan.

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