Loan Census Banking News and Information
December 5, 2019  
 
 
  Business Loan Information  
 

Small Business Lenders in Blackfoot, Idaho

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Blackfoot, Idaho, we've assembled a list of local small business banks that you should contact.

Local Blackfoot Business Loan Sources

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

Small Business Bank Recent SBA Loans
Keybank - Blackfoot Office- Keycenters- Blackfoot  
The Bank Of Commerce 1
U S Bank - Branch Offices- Blackfoot- Blackfoot Office  
Washington Federal Savings  
Wells Fargo Bank NA - Blackfoot  
Westmark Credit Union  
Zions Bank - Blackfoot Office- 1 Riverside Plaza  

Lenders for Blackfoot Businesses

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

Small Business Bank Recent SBA Loans
America West Bank
Layton, UT
2
Bank Of America
Charlotte, NC
3
Bank Of Idaho
Idaho Falls, ID
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Community Bank
Pocatello, ID
1
D. L. Evans Bank
Burley, ID
2
U.S. Bank National Association
Cincinnati, OH
4
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
San Jose, CA
3
Zions First National Bank
Salt Lake City, UT
11
Zions First National Bank
West Valley City, UT
28

Business Loan Advice for Blackfoot Businesses

Before contacting banks for a loan, you will need to have a specific plan.

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.

Being able to present a well-written business plan is an important prerequisite. If the capital 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 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, you will likely be asked to pledge 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 are SBA lenders. 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

Make the effort and learn as much as you can about Raising Money. To get started, we suggest you read Bank Credit Lines.

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