Loan Census Banking News and Information
November 30, 2023  
  Business Loan Information  

Small Business Lenders in Chinle, Arizona

Loan Census SBA Loan Info

Looking for a Chinle, Arizona 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.

If you are looking for a small business loan and your business is based in Chinle, Arizona, we've assembled a list of local small business banks that you should contact.

Local Chinle Lenders

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank NA - Branches Offices- Cont'd Branch Offices- Chinle  

Banks that Lend to Chinle Businesses

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank
Phoenix, AZ
Wells Fargo Bank
Sioux Falls, SD

Business Loan Advice for Chinle Businesses

Prior to meeting with lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the money 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, you will likely be asked 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 are SBA lenders. Before you sit down to talk with a small business 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. Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. For starters, we recommend you read SBIR Funding.

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