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April 20, 2024 |
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| Home > Small Business Lenders by State > Washington Banks > Yakima, Washington Bank Loans | |||||||||||||||||||||||||||||||||||||||||||||||||||||
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Small Business Lenders in Yakima, Washington |
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Looking for a Yakima, Washington 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 Yakima, Washington, we've assembled a list of local small business banks that you should contact. Local Yakima Banks To help you learn more about local small business lenders, here's our list of small business banks in Yakima.
Business Loan Providers for Yakima Businesses This is a list of banks outside of Yakima, Washington that have provided SBA loans to Yakima businesses. Some of these may be national banks with local branch locations. Business Loan Advice for Yakima Businesses Prior to meeting with banks to get a bank loan, you will need to have a specific plan. 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 how you intend to to pay the loan back to the bank. Having a business plan is essential. If the loan 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 cash flow from the business does not meet your projections. If the business has few assets, you will likely be asked to to guarantee the loan with 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 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 Our Gaebler.com site is passionate about assisting small business owners, 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 Find Start-Up Capital. Get a Business Loan in Woodinville Browse All Business Loan Sources for Washington
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