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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Winnsboro, Texas

 
Loan Census SBA Loan Info

I need a loan for my business in Winnsboro, Texas! If that's what's on your mind, you've come to the right place.

These materials were prepared for small business owners in Winnsboro, Texas who are interested in getting a bank loan.

Local Winnsboro Banks

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

Small Business Bank Recent SBA Loans
City National Bank  
Franklin Bank S.s.b. 1

Banks that Lend to Winnsboro Businesses

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

Small Business Bank Recent SBA Loans
Austin Bank Texas
Gilmer, TX
1
Austin Bank Texas
Jacksonville, TX
1
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1
Equity Bank, SSB
Dallas, TX
17
First Financial Bank
Nacogdoches, TX
2
Franklin Bank S.s.b.
Mount Vernon, TX
1
Southwest Bank
Fort Worth, TX
1
Washington Mutual Bank
Henderson, NV
1

Tips for Getting a Business Loan in Winnsboro

Prior to reaching out to 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.

Being able to present a well-written business plan is essential. If the loan is to for a company that is already doing 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 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 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

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