Loan Census Banking News and Information
January 19, 2020  
 
 
  Business Loan Information  
 

Council, Idaho Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Council, Idaho who are interested in getting debt financing.

Local Council Business Lenders

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

Small Business Bank Recent SBA Loans
U S Bank - Branch Office- Council- Council Office  

Banks that Lend to Council Businesses

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

Small Business Bank Recent SBA Loans
Idaho Banking Company
Boise, ID
1
Silver State Bank
Henderson, NV
1
U.S. Bank National Association
Cincinnati, OH
8
Zions First National Bank
West Valley City, UT
1

Council Business Loan Advice

Before contacting banks to discuss getting a bank 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a company that is already doing business, 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 pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Realistic Debt Financing Options.

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