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

Business Loan Ponchatoula, Louisiana

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Ponchatoula, Louisiana who are interested in getting a bank loan.

Local Ponchatoula Lenders

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

Small Business Bank Recent SBA Loans
Amsouth Bank - Branches- Ponchatoula  
Central Progressive Bank 15
Fidelity Homestead Savings Bk 5
First Guaranty Bank 1
Guaranty Savings & Homestead Association  
Hancock Bank - Branch Offices- Ponchatoula  
Homestead Bank  
Parish National Bank  

Other Lending Resources for Ponchatoula Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Central Progressive Bank
Lacombe, LA
1
First Community Bank
Hammond, LA
1
First Guaranty Bank
Hammond, LA
1
Hancock Bank
Gulfport, MS
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
3
Source Business & Indust Devel Cor
Baton Rouge, LA
1
Superior Financial Group, LLC
Walnut Creek, CA
1

Tips for Getting a Business Loan in Ponchatoula

Prior to meeting with lenders to get a bank 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is is critically important. If the capital is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 pledge 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 meeting with the 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Louisiana
Get a Business Loan in Plaquemine
Get a Business Loan in Port Allen

Browse All Business Loan Sources for Louisiana