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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Tijeras, New Mexico

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Tijeras, New Mexico who are interested in getting a bank loan.

Local Tijeras Business Lenders

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

Small Business Bank Recent SBA Loans
Bank of the West  
Wells Fargo Bank NA - Tijeras  
Wells Fargo Home Mortgage  

Business Loan Providers for Tijeras Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Bank Of The West
Truckee, CA
1
First Community Bank
Taos, NM
1
Grants State Bank
Grants, NM
1
Sunrise Bank Of Arizona
Phoenix, AZ
1
Wells Fargo Bank
Phoenix, AZ
1

Tips for Getting a Business Loan in Tijeras

Before meeting with 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a going concern, 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, you will likely be asked to secure the business 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 new to our Gaebler.com site, you should know that we are passionate about supporting small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Borrowing Money from Friends and Family.

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