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March 28, 2024  
 
 
  Business Loan Information  
 

Fritch, Texas Small Business Loans

 
Loan Census SBA Loan Info

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

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

Lenders for Fritch Businesses

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank
Austin, TX
1
Wells Fargo Bank
Sioux Falls, SD
1

Fritch Bank Loan Tips

As a prerequisite to reaching out to 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

Having a business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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. Before you sit down to talk with a small business 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is devoted to helping small business owners, and we have a lot of useful articles about to Raising Money. To learn more, we recommend you read 504 Loans.

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