Loan Census Banking News and Information
May 25, 2024  
 
 
  Business Loan Information  
 

Alamosa, Colorado Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Alamosa, Colorado who are interested in getting a small business loan.

Local Alamosa Lending Resources

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

Small Business Bank Recent SBA Loans
Alamosa National Bank  
Alamosa State Bank 1
Community Banks Of Colorado 1
Community Banks of the Rockies  
First Southwest Bank 7
First Western National Bank  
Rio Grande Savings & Loan  
San Luis Valley Federal Bank 1
Sunamerica Securities  
Vectra Bank Colorado - Alamosa  

Business Loan Providers for Alamosa Businesses

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

Small Business Bank Recent SBA Loans
Amer Express Centurion Bk
Salt Lake City, UT
1
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
2
Center Bank
Los Angeles, CA
1
Del Norte Federal Bank
Del Norte, CO
1
Sunflower Bank
Salina, KS
1
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
San Jose, CA
1

Alamosa Business Loan Advice

Prior to contacting banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 meeting with the 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. To get the ball rolling, we recommend you read Getting a Small Business Loan.

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