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March 28, 2024  
 
 
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Business Loan Lewistown, Montana

 
Loan Census SBA Loan Info

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

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

Local Lewistown Lending Resources

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

Small Business Bank Recent SBA Loans
Bank - Rockies 3
Basin State Bank 8
First Bank Of Montana 8
First National Bank of Lewistown  
Wells Fargo Bank NA - Lewistown  
Western Security Bank - Teller-Fone Banking  

Lenders for Lewistown Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Basin State Bank
Stanford, MT
2
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
First Cit. Bank - Billings
Billings, MT
1
Native Amer Bank
Denver, CO
1
Ups Capital Business Credit
Windsor, CT
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
2

Tips for Getting a Business Loan in Lewistown

Prior to meeting with 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the capital 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 to guarantee the loan with 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 are SBA lenders. Before meeting with the banker, 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.

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 504 Loans.

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