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

Rocky Ford, Colorado Business Loan

 
Loan Census SBA Loan Info

Small business loans in Rocky Ford, Colorado are available. You just need to talk to the right bank.

This article is written specifically for small business owners in Rocky Ford, Colorado who are interested in getting a small business loan.

Local Rocky Ford Banks

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

Small Business Bank Recent SBA Loans
Community Banks Of Colorado 3
Community Banks of Southern Colorado-Rocky Ford  
First National Bank of Ordway  
State Bank of Rocky Ford  
The State Bank 5

SBA Lenders for Rocky Ford Businesses

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

Small Business Bank Recent SBA Loans
Community Banks Of Colorado
Greenwood Village, CO
1
The State Bank
La Junta, CO
1
U.S. Bank National Association
Cincinnati, OH
1

Rocky Ford Business Loan Advice

Before 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 is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Attracting Investors.

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