Business Loan Carrizo Springs, Texas

Local Carrizo Springs Banks

To assist you in finding a small business banker, here's our list of small business banks in Carrizo Springs.

Other Lending Resources for Carrizo Springs Businesses

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

Tips for Getting a Business Loan in Carrizo Springs

Before reaching out to 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

A well-defined business plan is essential. If the money is to for a going concern, 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 pledge 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 are SBA lenders. Prior to visiting local banks, you may want to do your homework 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

If you are new to our Gaebler.com site, you should know that we are devoted to helping small business owners, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is 504 Loans.