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April 26, 2024  
 
 
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Business Loan George West, Texas

 
Loan Census SBA Loan Info

Looking for a George West, Texas small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for entrepreneurs in George West, Texas who are interested in getting a bank loan.

Local George West Banks

To help you learn more about local small business lenders, here's our list of small business banks in George West.

Small Business Bank Recent SBA Loans
Bank of Alice  
First National Bank 2
Texas Champion Bank 2

SBA Lenders for George West Businesses

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

Small Business Bank Recent SBA Loans
First Community Bank
Corpus Christi, TX
1

Tips for Getting a Business Loan in George West

Before reaching out to 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 how you plan to pay the loan back to the bank.

A well-defined business plan is is critically important. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 the banks in our list 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is deeply committed to supporting small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read SBIR Funding.

Business Loan Sources for Other Cities in Texas
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