We wrote this article for entrepreneurs in Kamiah, Idaho who are interested in getting a small business loan.
Local Kamiah Banks
To help you learn more about local small business lenders, here's our list of small business banks in Kamiah.
|Small Business Bank
||Recent SBA Loans
|Wells Fargo Bank Northwest NA - Kamiah Office
Banks that Lend to Kamiah Businesses
This is a list of banks outside of Kamiah, Idaho that have provided SBA loans to Kamiah businesses. Some of these may be national banks with local branch locations.
Kamiah Business Loan Advice
As a prerequisite 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the bank.
A well-defined 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, 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 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. Prior to visiting local banks, you may want to get up to speed 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.
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If you are planning on Raising
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