Pierre Part, Louisiana Small Business Loans

Local Pierre Part Banks

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

Banks that Lend to Pierre Part Businesses

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

Pierre Part Bank Loan Tips

As a prerequisite to reaching out to 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Having a business plan is essential. If the money 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 secure the business 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 the banks in our list participate in the financial assistance programs available through the SBA. 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 all about aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Angel Investors.