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March 29, 2024  
 
 
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Small Business Lenders in Godley, Texas

 
Loan Census SBA Loan Info

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

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

SBA Lenders for Godley Businesses

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

Small Business Bank Recent SBA Loans
Community Bank
Granbury, TX
2
Jpmorgan Chase Bank
Houston, TX
1

Business Loan Advice for Godley Businesses

Prior to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 plan to pay the money back to the bank.

Having a business plan is an important prerequisite. If the financing 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 meeting with the banker, you may want to do your homework 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

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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