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

Small Business Lenders in Sealy, Texas

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Sealy, Texas, we've assembled a list of local small business banks that you should contact.

Local Sealy Banks

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

Small Business Bank Recent SBA Loans
Citizens State Bank  

Business Loan Providers for Sealy Businesses

This is a list of banks outside of Sealy, Texas that have provided SBA loans to Sealy 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
2
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
1
Metrobank
Houston, TX
1
The Frost National Bank
Houston, TX
1
Wells Fargo Bank
Austin, TX
2
Woodforest National Bank
Houston, TX
2
World Trade Finance, Inc.
Glendale, CA
1

Business Loan Advice for Sealy Businesses

As a prerequisite to meeting with banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, 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 money back to the bank.

Being able to present a well-written business plan is is critically important. If the money 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 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 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 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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