Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Fernley, Nevada

 
Loan Census SBA Loan Info

I need a loan for my business in Fernley, Nevada! If that's what's on your mind, you've come to the right place.

We wrote this article for entrepreneurs in Fernley, Nevada who are interested in getting a small business loan.

Local Fernley Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Fernley.

Small Business Bank Recent SBA Loans
Bank Of America  
Nevada State Bank  

Banks that Lend to Fernley Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
2
Colonial Bank
Reno, NV
1
Native Amer Bank
Denver, CO
2
Nevada State Bank
Las Vegas, NV
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Wells Fargo Bank
Phoenix, AZ
2
Wells Fargo Bank
Roseville, CA
1
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
2

Tips for Getting a Business Loan in Fernley

As a prerequisite to 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the 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 secure the business with 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 participate in the financial assistance programs available through the SBA. 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 recommend you read Getting a Small Business Loan.

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