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

Morgan City, Louisiana Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Morgan City, Louisiana! 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 Morgan City, Louisiana, we've assembled a list of local small business banks that you should contact.

Local Morgan City Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Morgan City.

Small Business Bank Recent SBA Loans
First American Bank & Trust  
Iberiabank  
M C Bank & Trust  
Mc Bank - Bayou Vista  
Mc Bank - Colonial Plaza  
Mc Bank - Main Office  
Midsouth Bank 7
Morgan City of Credit Union  
Regions Bank 1
Teche Federal Bank  

Lenders for Morgan City Businesses

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

Small Business Bank Recent SBA Loans
Bizcapital Bidco Ii, LLC
New Orleans, LA
2
First Bank And Trust
Kenner, LA
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
3
Jpmorgan Chase Bank
Houston, TX
1
Midsouth Bank
Lake Charles, LA
1
Small Business Loan Source LLC
Houston, TX
1
Whitney National Bank
New Orleans, LA
3

Morgan City Bank Loan Tips

Before meeting with lenders for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.

A well-defined business plan is essential. If the loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Louisiana
Get a Business Loan in Monroe
Get a Business Loan in Natchitoches

Browse All Business Loan Sources for Louisiana