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

Small Business Lenders in Columbus, Texas

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Columbus, Texas, we've put together a list of local small business banks that you should contact.

Local Columbus Business Loan Sources

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

Small Business Bank Recent SBA Loans
Columbus State Bank  

Other Lending Resources for Columbus Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Innovative Bank
Oakland, CA
3
Woodforest National Bank
Houston, TX
1

Business Loan Advice for Columbus Businesses

Before contacting banks for a loan, you will need to develop the specifics of your loan request.

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

A well-defined business plan is is critically important. If the capital 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 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 your individual retirement account or pension plan. The banks will look at your personal credit report 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. Prior to visiting local banks, 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Attracting Investors.

Business Loan Sources for Other Cities in Texas
Get a Business Loan in Colleyville
Get a Business Loan in Commerce

Browse All Business Loan Sources for Texas