Loan Census Banking News and Information
January 18, 2020  
 
 
  Business Loan Information  
 

Donnelly, Idaho Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Donnelly, Idaho, we've put together a list of local small business banks that you should contact.

Lenders for Donnelly Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The Cascades
Boise, ID
1
Cit Small Business Lending Corp
Livingston, NJ
1
D. L. Evans Bank
Burley, ID
1
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
San Jose, CA
2

Donnelly Bank Loan Tips

As a prerequisite to reaching out to 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business with 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 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Bank Credit Lines.

Business Loan Sources for Other Cities in Idaho
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