Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Cornville, Arizona

 
Loan Census SBA Loan Info

Small business loans in Cornville, Arizona are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Cornville, Arizona, we've assembled a list of local small business banks that you should contact.

Lenders for Cornville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
California Bank & Trust
Sacramento, CA
1
Jpmorgan Chase Bank
Houston, TX
2
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
1

Business Loan Advice for Cornville Businesses

Prior to contacting banks for a loan, you will need to have a specific plan.

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.

A well-defined business plan is essential. If the financing 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 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 secure the business with 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 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.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are deeply committed to aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is Angel Investors.

More Business Lender Lists for Arizona Cities
Get a Business Loan in Coolidge
Get a Business Loan in Cottonwood

Browse All Business Loan Sources for Arizona