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

Small Business Lenders in Bridge City, Louisiana

 
Loan Census SBA Loan Info

I need a loan for my business in Bridge City, Louisiana! 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 Bridge City, Louisiana, we've assembled a list of local small business banks that you should contact.

Lenders for Bridge City Businesses

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

Small Business Bank Recent SBA Loans
First Bank And Trust
Kenner, LA
1

Business Loan Advice for Bridge City Businesses

Prior to contacting banks 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, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 meeting with the 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

Business Loan Sources for Other Cities in Louisiana
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