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March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Easton, Washington

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Easton, Washington, we've assembled a list of local small business banks that you should contact.

Lenders for Easton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Eastside Comm. Bank
Bellevue, WA
1

Business Loan Advice for Easton Businesses

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, define how the money will be used, and show your ability 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. 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 cash flow from the business does not meet your projections.

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 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 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.

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