We wrote this article for small business owners in Dayton, Nevada who are interested in getting a bank loan.
Local Dayton Lenders
To assist you in finding a small business banker, here's our list of small business banks in Dayton.
|Small Business Bank
||Recent SBA Loans
|Nevada State Bank - Supermarket Branch Locations- Dayton
Lenders for Dayton Businesses
This is a list of banks outside of Dayton, Nevada that have provided SBA loans to Dayton businesses. Some of these may be national banks with local branch locations.
Dayton Business Loan Advice
Before reaching out to banks to discuss getting 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 your ability to pay the money back to the bank.
Being able to present a well-written 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. Bankers will also want to know 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 the equity in your home. 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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.
Gaebler.com 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
Getting a Small Business Loan.
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