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

St. Regis, Montana Business Loan

 
Loan Census SBA Loan Info

Looking for a St. Regis, Montana 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.

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

Business Loan Providers for St. Regis Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1

St. Regis Business Loan Advice

Prior to contacting banks to discuss getting a bank 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 an important prerequisite. If the bank loan 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, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 are SBA lenders. Before you sit down to talk with a small business banker, 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

Gaebler.com is a site that is passionate about helping entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Business Incubators.

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