If you are looking for a small business loan and your business is based in Dillingham, Alaska, we've assembled a list of local small business banks that you should contact.
Local Dillingham Business Loan Sources
Without further adieu, here's our list of small business banks in Dillingham.
|Small Business Bank
||Recent SBA Loans
|Wells Fargo Bank Alaska NA
SBA Lenders for Dillingham Businesses
This is a list of banks outside of Dillingham, Alaska that have provided SBA loans to Dillingham businesses. Some of these may be national banks with local branch locations.
Dillingham Bank Loan Tips
Before meeting with banks to discuss getting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.
Being able to present a well-written business plan is essential. 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 guarantee 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 pledge 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 these banks are SBA lenders. Before meeting with the 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.
Gaebler.com Advice on Raising Money
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