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

Small Business Lenders in Forest Hill, Louisiana

 
Loan Census SBA Loan Info

Looking for a Forest Hill, Louisiana 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 hoping to get a small business loan and your business is based in Forest Hill, Louisiana, we've assembled a list of local small business banks that you should contact.

Local Forest Hill Banks

Without further adieu, here's our list of small business banks in Forest Hill.

Small Business Bank Recent SBA Loans
Red River Bank - Forest Hill Branch  

SBA Lenders for Forest Hill Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1

Business Loan Advice for Forest Hill Businesses

Prior to reaching out to lenders to get a bank loan, you will need to have a specific plan.

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 lender.

Being able to present a well-written business plan is an important prerequisite. If the capital 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. 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. Before meeting with the banker, 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Louisiana
Get a Business Loan in Eunice
Get a Business Loan in Franklin

Browse All Business Loan Sources for Louisiana