Loan Census Banking News and Information
August 5, 2021  
 
 
  Business Loan Information  
 

Business Loan Friendswood, Texas

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Friendswood, Texas who are interested in getting a small business loan.

Local Friendswood Business Loan Sources

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

Small Business Bank Recent SBA Loans
ATM Merchant Services  
Bank Of America  
Compass Bank  
Texas First Bank Santa Fe 25

Business Loan Providers for Friendswood Businesses

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

Small Business Bank Recent SBA Loans
Amegy Bank
Kingwood, TX
1
Amegy Bank
League City, TX
1
Bank Of America
Charlotte, NC
6
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
New York, NY
2
Business Loan Center, LLC
Panama City Beach, FL
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
1
Comerica Bank
Houston, TX
2
Compass Bank
Birmingham, AL
2
First Bank
Creve Coeur, MO
3
Innovative Bank
Oakland, CA
10
Jpmorgan Chase Bank
Houston, TX
16
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
2
Metrobank
Houston, TX
1
Millennium State Bank Of Texas
Dallas, TX
2
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Prosperity Bank
Webster, TX
1
Regions Bank
Birmingham, AL
1
Small Business Loan Source LLC
Houston, TX
1
Sterling Bank
Houston, TX
5
Sterling Bank
Humble, TX
2
Temecula Valley Bank
Temecula, CA
1
Texas First Bank Santa Fe
Santa Fe, TX
2
The Frost National Bank
San Antonio, TX
1
The Frost National Bank
Webster, TX
1
United Central Bank
Garland, TX
1
United Central Bank
Houston, TX
1
Washington Mutual Bank
Henderson, NV
6
Wells Fargo Bank
Houston, TX
2
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Friendswood

Before meeting with 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 to guarantee the loan with 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 these banks 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

Gaebler.com is a site that is devoted to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read 504 Loans.

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