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

Small Business Lenders in Pinehurst, Texas

 
Loan Census SBA Loan Info

I need a loan for my business in Pinehurst, Texas! If that's what's on your mind, you've come to the right place.

If you are planning on applying for a small business loan and your business is based in Pinehurst, Texas, we've assembled a list of local small business banks that you should contact.

Local Pinehurst Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Pinehurst.

Small Business Bank Recent SBA Loans
Allied American Mortgage Corporation  

Other Lending Resources for Pinehurst Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1
Temecula Valley Bank
Temecula, CA
1
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
1
Woodforest National Bank
The Woodlands, TX
1

Business Loan Advice for Pinehurst Businesses

As a prerequisite to contacting lenders 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

Having a business plan is essential. If the bank loan is to for an existing 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 cash flow from the business does not meet your projections.

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 are SBA lenders. Prior to visiting local banks, 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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