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

Business Loan Richland Hills, Texas

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Richland Hills, Texas who are interested in getting a bank loan.

Local Richland Hills Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Richland Hills.

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Richland Hills  

Lenders for Richland Hills Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Jpmorgan Chase Bank
Houston, TX
1
The Frost National Bank
North Richland Hills, TX
1

Tips for Getting a Business Loan in Richland Hills

As a prerequisite to meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the capital 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 to guarantee the loan 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 you sit down to talk with a small business 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Investor Turnoffs.

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