Loan Census Banking News and Information
December 3, 2023  
  Business Loan Information  

Congress, Arizona Business Loan

Loan Census SBA Loan Info

Raising money in Congress, Arizona? If so, you'll want to talk to some of these small business lenders in Congress.

This article is written specifically for small business proprietors in Congress, Arizona who are interested in getting a bank loan.

Other Lending Resources for Congress Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
Jpmorgan Chase Bank
Houston, TX

Congress Business Loan Advice

Before contacting banks for a 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the bank loan 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 you cannot repay the loan.

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 look at your personal credit report 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 meeting with the banker, 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. 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 Business Line of Credit.

Business Loan Sources for Other Cities in Arizona
Get a Business Loan in Chino Valley
Get a Business Loan in Coolidge

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