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

Small Business Lenders in Freeport, Texas

 
Loan Census SBA Loan Info

Getting a business loan in Freeport, Texas seems challenging at first, but we're here to help you get started.

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

Local Freeport Business Lenders

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

Small Business Bank Recent SBA Loans
Brazoria State Bank Jones Creek Drive Up  

Banks that Lend to Freeport Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Comerica Bank
Houston, TX
1
Compass Bank
Birmingham, AL
1
First State Bank
Clute, TX
4
Jpmorgan Chase Bank
Houston, TX
1
Wells Fargo Bank
Austin, TX
1
Woodforest National Bank
Houston, TX
1

Business Loan Advice for Freeport Businesses

As a prerequisite to contacting banks to get a bank loan, you will need to have a specific plan.

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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing is to for a company that is already doing business, 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 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 participate in the financial assistance programs available through the SBA. 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.

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