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March 29, 2024  
 
 
  Business Loan Information  
 

Belfry, Montana Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Belfry, Montana! If that's what's on your mind, you've come to the right place.

We wrote this article for small business proprietors in Belfry, Montana who are interested in getting debt financing.

SBA Lenders for Belfry Businesses

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

Small Business Bank Recent SBA Loans
Stockman Bank Of Montana
Billings, MT
1

Belfry Business Loan Advice

Prior to meeting with banks for a loan, you will need to have a specific plan.

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

Having a business plan is an important prerequisite. If the bank loan is to for an existing business, 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Business Credit Evaluation.

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