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March 28, 2024  
 
 
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Business Loan Norwood, Colorado

 
Loan Census SBA Loan Info

Looking for a Norwood, Colorado 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 proprietors in Norwood, Colorado who are interested in getting a small business loan.

Local Norwood Business Loan Sources

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

Small Business Bank Recent SBA Loans
Weststar Bank  

Other Lending Resources for Norwood Businesses

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

Small Business Bank Recent SBA Loans
Alpine Bank
Telluride, CO
1
Bank Of The West
Salt Lake City, UT
1
U.S. Bank National Association
Cincinnati, OH
1
U.S. Bank National Association
Montrose, CO
1

Tips for Getting a Business Loan in Norwood

Before reaching out to lenders to discuss getting 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

Having a business plan is essential. If the capital 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan 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 are SBA lenders. Before meeting with the banker, you may want to do your homework 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 devoted to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we would suggest you read How to Raise Money.

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