Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Church Point, Louisiana

 
Loan Census SBA Loan Info

Looking for a Church Point, Louisiana small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Church Point Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Church Point.

Small Business Bank Recent SBA Loans
Church Point Bank & Trust CO  
Farmers State Bank & Trust  
Rayne State Bank  

Banks that Lend to Church Point Businesses

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

Small Business Bank Recent SBA Loans
Bizcapital Bidco Ii, LLC
New Orleans, LA
2
Capital One
Mclean, VA
1
Delta Bank
Ferriday, LA
1
Jpmorgan Chase Bank
Houston, TX
2
Rayne St. Bank & Trust
Lafayette, LA
1

Business Loan Advice for Church Point Businesses

Prior to reaching out to banks to discuss getting a bank 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the financing 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 guarantee 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 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. Prior to visiting local banks, you may want to read up on 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 dedicated to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Borrowing Money from Friends and Family.

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