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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in St. Paul, Texas

 
Loan Census SBA Loan Info

Looking for a St. Paul, Texas small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Banks that Lend to St. Paul Businesses

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

Small Business Bank Recent SBA Loans
First International Bank
Plano, TX
1

Business Loan Advice for St. Paul Businesses

Prior to meeting with lenders to discuss getting 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, define how the money will be used, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the financing is to for an existing 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 you cannot repay the loan.

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 look at your personal credit report 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 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Find Start-Up Capital.

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