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

Business Loan Natchitoches, Louisiana

 
Loan Census SBA Loan Info

Looking for a Natchitoches, Louisiana small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business owners in Natchitoches, Louisiana who are interested in getting debt financing.

Local Natchitoches Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of Montgomery 8
City Bank & Trust CO - 24 Hour Voice Response  
City Bank & Trust CO - Main Office  
City Bank And Trust Company 10
Exchange Bank & Trust 2
First Federal Bank of Louisiana  
Sabine St. Bank & Trust 5
The Peoples State Bank 1

Other Lending Resources for Natchitoches Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First Guaranty Bank
Hammond, LA
1
Gibsland Bank & Trust Company
Arcadia, LA
1
Innovative Bank
Oakland, CA
2
Red River Bank
Alexandria, LA
1

Tips for Getting a Business Loan in Natchitoches

Prior to reaching out to banks for a 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. 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 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 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 you sit down to talk with a small business 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 new to our Gaebler.com site, you should know that we are all about helping small business owners, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is SBIR Funding.

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