Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Maurice, Louisiana

 
Loan Census SBA Loan Info

Getting a business loan in Maurice, Louisiana seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Maurice, Louisiana, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Maurice Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Gulf Coast Bank
Abbeville, LA
8
Jpmorgan Chase Bank
Houston, TX
3
Whitney National Bank
New Orleans, LA
1

Business Loan Advice for Maurice Businesses

Prior to contacting banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the capital is to for an existing business, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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. 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is all about helping entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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