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

Bunkie, Louisiana Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Bunkie, Louisiana are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Bunkie, Louisiana, we've assembled a list of local small business banks that you should contact.

Local Bunkie Lending Resources

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

Small Business Bank Recent SBA Loans
American Security Bank  
First Union Baptist  
Hibernia National Bank  
Sabine State Bank & Trust CO  

Banks that Lend to Bunkie Businesses

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

Small Business Bank Recent SBA Loans
Source Business & Indust Devel Cor
Baton Rouge, LA
1

Bunkie Bank Loan Tips

Prior to contacting lenders 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, define how the money will be used, and show how you intend to to pay the money back to the lender.

A well-defined business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 these banks 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 new to our Gaebler.com site, you should know that we are devoted to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Getting a Small Business Loan.

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