This article is written specifically for small business proprietors in Ajo, Arizona who are interested in getting a small business loan.
Local Ajo Lenders
To assist you in finding a small business banker, here's our list of small business banks in Ajo.
|Small Business Bank
||Recent SBA Loans
|The Stockmen's Bank
Banks that Lend to Ajo Businesses
This is a list of banks outside of Ajo, Arizona that have provided SBA loans to Ajo businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Ajo
Prior to meeting with lenders to discuss getting 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 your ability to pay the loan back to the lender.
Having a business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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 pledge 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. Prior to visiting local banks, 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
Make the effort and learn as much as you can about Raising
Money. For starters, we recommend you read
How Equity Dilution Works.
More Business Lender Lists for Arizona Cities
Get a Business Loan in Apache Junction
Browse All Business Loan Sources for Arizona