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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Orting, Washington

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Orting, Washington who are interested in getting a bank loan.

Local Orting Business Loan Sources

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

Small Business Bank Recent SBA Loans
Keybank  

Other Lending Resources for Orting Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Boeing Empl Cu
Tukwila, WA
2
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Golden, CO
1
Keybank National Association
Cleveland, OH
3
The Bank Of Washington
Mukilteo, WA
1
U.S. Bank National Association
Cincinnati, OH
4
Unibank
Lynnwood, WA
1
Washington Mutual Bank
Henderson, NV
1
Washington Mutual Bank
Medford, OR
1
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Orting

As a prerequisite to reaching out to 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 explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the capital is to for a company that is already doing business, 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 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 stocks and bonds that you might own or life insurance policies. 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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