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

Small Business Lenders in Raymond, Washington

 
Loan Census SBA Loan Info

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

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

Local Raymond Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Harbor Community Bank  
Raymond Federal Bank - Raymond Branch  
Security State Bank 1

Lenders for Raymond Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
1
Hanmi Bank
Los Angeles, CA
1
Mirae Bank
Los Angeles, CA
2
Nara Bank
Los Angeles, CA
1
Pacific City Bank
Los Angeles, CA
1
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Raymond Businesses

Prior to contacting lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the money 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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