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March 29, 2024  
 
 
  Business Loan Information  
 

Jourdanton, Texas Business Loan

 
Loan Census SBA Loan Info

Small business loans in Jourdanton, Texas are available. You just need to talk to the right bank.

This article is written specifically for small business owners in Jourdanton, Texas who are interested in getting debt financing.

Local Jourdanton Lenders

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

Small Business Bank Recent SBA Loans
Jourdanton State Bank 2

Other Lending Resources for Jourdanton Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Compass Bank
Birmingham, AL
1
Wells Fargo Bank
Sioux Falls, SD
1

Jourdanton Business Loan Advice

As a prerequisite to meeting with banks to get 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, define how the money will be used, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as the equity in your home. 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Microlending as a Small Business Funding Source.

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