Loan Census Banking News and Information
December 1, 2020  
 
 
  Business Loan Information  
 

Business Loan La Porte, Texas

 
Loan Census SBA Loan Info

Looking for a La Porte, 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.

These materials were prepared for entrepreneurs in La Porte, Texas who are interested in getting debt financing.

Local La Porte Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Wachovia Bank 24

Banks that Lend to La Porte Businesses

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

Small Business Bank Recent SBA Loans
Amegy Bank
Houston, TX
1
Bank Of America
Charlotte, NC
8
Business Loan Center, LLC
New York, NY
3
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Comerica Bank
Dallas, TX
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Compass Bank
Birmingham, AL
2
First International Bank
Plano, TX
1
First National Bank Of Arizona
Scottsdale, AZ
1
Jpmorgan Chase Bank
Houston, TX
4
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
Millennium State Bank Of Texas
Dallas, TX
1
Sterling Bank
Houston, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Trustmark National Bank
Houston, TX
1
Trustmark National Bank
Jackson, MS
4
United Central Bank
Garland, TX
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Austin, TX
2
Wells Fargo Bank
Denton, TX
1
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in La Porte

As a prerequisite to meeting with banks for a 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, describe what the money will finance, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business with 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 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 planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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