If you are hoping to get a small business loan and your business is based in Paul, Idaho, we've assembled a list of local small business banks that you should contact.
Local Paul Business Lenders
To assist you in finding a small business banker, here's our list of small business banks in Paul.
|Small Business Bank
||Recent SBA Loans
|Keybank - Keycenters- Paul
|Keybank - Keycenters- Twin Falls
Banks that Lend to Paul Businesses
This is a list of banks outside of Paul, Idaho that have provided SBA loans to Paul businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Paul Businesses
Prior to meeting with banks to discuss getting a bank 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 how you intend to to pay the loan back to the bank.
A well-defined business plan is essential. If the capital 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 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 the banks in our list 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.
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