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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Ryegate, Montana

 
Loan Census SBA Loan Info

Raising money in Ryegate, Montana? If so, you'll want to talk to some of these small business lenders in Ryegate.

We wrote this article for entrepreneurs in Ryegate, Montana who are interested in getting debt financing.

Local Ryegate Business Lenders

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

Small Business Bank Recent SBA Loans
Continental National Bank  

SBA Lenders for Ryegate Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
2
Stockman Bank Of Montana
Billings, MT
1

Tips for Getting a Business Loan in Ryegate

As a prerequisite to meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 plan to pay the loan back to the bank.

A well-defined business plan is essential. If the financing is to for an existing business, 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 do your homework 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

Our Gaebler.com site is passionate about helping small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Getting a Small Business Loan.

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