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

Houma, Louisiana Business Loan

 
Loan Census SBA Loan Info

Looking for a Houma, Louisiana 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.

These materials were prepared for small business proprietors in Houma, Louisiana who are interested in getting a small business loan.

Local Houma Lenders

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

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Bayou Black  
Bank One - Banking Centers- Bayou Blue  
Bank One - Banking Centers- Downtown Motor Bank  
Bank One - Banking Centers- Eastside Houma  
Bank One - Banking Centers- Main Office  
Bank One - Banking Centers- Prospect  
Bank One - Banking Centers- Southland Mall  
Bank One - Banking Centers- Woodlawn  
Capital One 1
CFG Mortgage  
Coastal Commerce Bank 5
Hibernia National Bank  
Iberiabank Loan Production Office  
Midsouth Bank 1
Regions Bank  
South Louisiana Bank 30
South Louisirnr Bank  
Synergy Bank 68
Teche Federal Bank  

Business Loan Providers for Houma Businesses

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

Small Business Bank Recent SBA Loans
Bizcapital Bidco Ii, LLC
New Orleans, LA
3
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
2
Business Loan Center, LLC
Richmond, VA
2
Business Res. Cap. Specialty B
New Orleans, LA
2
Capital One
Mclean, VA
9
Capital One Bank (usa)
Glen Allen, VA
1
Citizens Bank
Elizabethton, TN
1
Compass Bank
Birmingham, AL
1
Hancock Bank
Gulfport, MS
1
Innovative Bank
Oakland, CA
4
Jpmorgan Chase Bank
Houston, TX
22
Midsouth Bank
Lafayette, LA
8
Regions Bank
Atlanta, GA
4
Small Business Loan Source LLC
Houston, TX
2
Source Business & Indust Devel Cor
Baton Rouge, LA
3
Superior Financial Group, LLC
Walnut Creek, CA
1

Houma Business Loan Advice

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

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.

Having a business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Incubators.

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