Loan Census Banking News and Information
May 25, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Edwards, Colorado

 
Loan Census SBA Loan Info

Looking for a Edwards, Colorado small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Edwards, Colorado, we've put together a list of local small business banks that you should contact.

Local Edwards Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Edwards.

Small Business Bank Recent SBA Loans
Alpine Bank - Edwards  
American National Bank  
Cobiz Bank 2
Colorado Business Bank  
Firstbank Of Avon 1
Millennium Bancorp Inc  
Millennium Bank 1
Wells Fargo Bank  
Weststar Bank - Edwards  

Banks that Lend to Edwards Businesses

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

Small Business Bank Recent SBA Loans
Alpine Bank
Avon, CO
1
American National Bank
Denver, CO
1
Capital One
Mclean, VA
3
Cobiz Bank
Phoenix, AZ
1
Jpmorgan Chase Bank
Houston, TX
2
U.S. Bank National Association
Cincinnati, OH
4
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Glenwood Springs, CO
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
3

Business Loan Advice for Edwards Businesses

Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.

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.

Having a business plan is an important prerequisite. If the loan is to for a company that is already doing business, 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 stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to read up on 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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