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

Small Business Lenders in Metolius, Oregon

 
Loan Census SBA Loan Info

I need a loan for my business in Metolius, Oregon! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Metolius, Oregon, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Metolius Businesses

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

Small Business Bank Recent SBA Loans
Community W. Bank
Goleta, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Business Loan Advice for Metolius Businesses

Before contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the money back to the bank.

Having a business plan is essential. If the financing is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 these banks participate in the financial assistance programs available through the SBA. 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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