These materials were prepared for small business proprietors in Douglas, Arizona who are interested in getting a small business loan.
Local Douglas Business Lenders
Without further adieu, here's our list of small business banks in Douglas.
|Small Business Bank
||Recent SBA Loans
|Bank Of America
|National Bank of Arizona
|Wells Fargo Bank NA
Lenders for Douglas Businesses
This is a list of banks outside of Douglas, Arizona that have provided SBA loans to Douglas businesses. Some of these may be national banks with local branch locations.
Douglas Business Loan Advice
Prior to contacting 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the bank.
Having a business plan is essential. If the loan is to for a company that is already doing business, 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 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. Prior to visiting local banks, 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
Take the time to learn as much as you can about Raising
Money. To get the ball rolling, we suggest you read
Getting a Small Business Loan.
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