Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Pomeroy, Washington Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Pomeroy, Washington, we've assembled a list of local small business banks that you should contact.

Local Pomeroy Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of Whitman 1
Sterling Savings Bank  
U S Bank - Pomeroy Office- Ubank ATMS at Branches Listed- Pomeroy  

Lenders for Pomeroy Businesses

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

Small Business Bank Recent SBA Loans
Sterling Savings Bank
Spokane, WA
1

Pomeroy Bank Loan Tips

Before meeting with lenders for a loan, you will need to have a specific plan.

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.

A well-defined business plan is is critically important. 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 secure 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 secure the business with your personal assets, such as the equity in your home. 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 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

Gaebler.com is a site that is deeply committed to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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