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March 28, 2024  
 
 
  Business Loan Information  
 

Callisburg, Texas Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Callisburg, Texas who are interested in getting debt financing.

SBA Lenders for Callisburg Businesses

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

Small Business Bank Recent SBA Loans
Amer Business Lending Inc.
Dallas, TX
1

Callisburg Business Loan Advice

Prior to reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

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

A well-defined business plan is is critically important. If the financing is to for a going concern, 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. For starters, we suggest you read Business Incubators.

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