Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Bainville, Montana

 
Loan Census SBA Loan Info

Looking for a Bainville, Montana 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.

We wrote this article for entrepreneurs in Bainville, Montana who are interested in getting debt financing.

Other Lending Resources for Bainville Businesses

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

Small Business Bank Recent SBA Loans
First Security Bank-west
Fairview, MT
2

Tips for Getting a Business Loan in Bainville

Prior to meeting with lenders 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the financing 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 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 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 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 devoted to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

More Business Lender Lists for Montana Cities
Get a Business Loan in Belgrade

Browse All Business Loan Sources for Montana