Loan Census Banking News and Information
December 1, 2020  
  Business Loan Information  

Business Loan El Campo, Texas

Loan Census SBA Loan Info

Raising money in El Campo, Texas? If so, you'll want to talk to some of these small business lenders in El Campo.

We wrote this article for small business owners in El Campo, Texas who are interested in getting debt financing.

Local El Campo Business Lenders

Without further adieu, here's our list of small business banks in El Campo.

Small Business Bank Recent SBA Loans
Commercial State Bank 7
Prosperity Bank 15

Lenders for El Campo Businesses

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

Small Business Bank Recent SBA Loans
American National Bank
Gonzales, TX
Amresco SBA Holdings, Inc.
Irving, TX
Bank Of America
Charlotte, NC
Business Loan Center, LLC
New York, NY
Capital One
Mclean, VA
Southwest Bank
Fort Worth, TX
Sterling Bank
Humble, TX
The First State Bank
Louise, TX
U.S. Bank National Association
Cincinnati, OH
Wells Fargo Bank
San Jose, CA

Tips for Getting a Business Loan in El Campo

Prior to contacting banks to discuss getting a bank 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 how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money 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 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 pledge 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 these banks are SBA lenders. Before meeting with the banker, 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. Advice on Raising Money

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in Texas
Get a Business Loan in Edna
Get a Business Loan in El Paso

Browse All Business Loan Sources for Texas