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

Lockhart, Texas Business Loan

 
Loan Census SBA Loan Info

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

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

Local Lockhart Lending Resources

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

Small Business Bank Recent SBA Loans
American National Bank  

SBA Lenders for Lockhart Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
3
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Randolph-brooks Fcu
Universal City, TX
1
Sterling Bank
Houston, TX
1
Wells Fargo Bank
San Antonio, TX
1
Wells Fargo Bank
San Jose, CA
1

Lockhart Business Loan Advice

As a prerequisite to reaching out to lenders to discuss getting 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 lender.

Having a business plan is is critically important. If the bank 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 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, you will likely be asked 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 are SBA lenders. 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

If you are new to our Gaebler.com site, you should know that we are dedicated to providing advice to small business owners, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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