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

Small Business Lenders in Cisco, Texas

 
Loan Census SBA Loan Info

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

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

Local Cisco Lenders

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

Small Business Bank Recent SBA Loans
Citibank 1

Business Loan Providers for Cisco Businesses

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

Small Business Bank Recent SBA Loans
Amresco SBA Holdings, Inc.
Irving, TX
1
Innovative Bank
Oakland, CA
1
Texas Heritage Bank
Cross Plains, TX
1

Business Loan Advice for Cisco Businesses

Prior to contacting banks 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 your ability to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 are SBA lenders. Before you sit down to talk with a small business banker, 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.

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