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

Business Loan Arabi, Louisiana

 
Loan Census SBA Loan Info

Getting a business loan in Arabi, Louisiana seems challenging at first, but we're here to help you get started.

These materials were prepared for small business proprietors in Arabi, Louisiana who are interested in getting debt financing.

Local Arabi Business Loan Sources

Without further adieu, here's our list of small business banks in Arabi.

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- St Bernard Parish- Arabi  
Regions Bank - Banking Office Locations- St Bernard Parish Offices- Arabi Of  

Banks that Lend to Arabi Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First Bank And Trust
Kenner, LA
3
Gulf Coast Bank & Trust
New Orleans, LA
1
Innovative Bank
Oakland, CA
3
Superior Financial Group, LLC
Walnut Creek, CA
1

Tips for Getting a Business Loan in Arabi

Before contacting banks to get 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 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. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Louisiana
Get a Business Loan in Alexandria
Get a Business Loan in Baker

Browse All Business Loan Sources for Louisiana