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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Zillah, Washington

 
Loan Census SBA Loan Info

Getting a business loan in Zillah, Washington seems challenging at first, but we're here to help you get started.

This article is written specifically for entrepreneurs in Zillah, Washington who are interested in getting debt financing.

Local Zillah Business Loan Sources

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

Small Business Bank Recent SBA Loans
Keybank - Keycenter- Zillah  

SBA Lenders for Zillah Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of Whitman
Pasco, WA
1
Capital One
Mclean, VA
2
Keybank National Association
Cleveland, OH
2
U.S. Bank National Association
Cincinnati, OH
1
Wilshire State Bank
Los Angeles, CA
1

Tips for Getting a Business Loan in Zillah

Before contacting banks for a 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 your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the capital 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, the bank may ask you to 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 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

Our Gaebler.com site is all about aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we recommend you read How Much Venture Capital Is There?.

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