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

Business Loan Glendive, Montana

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Glendive, Montana who are interested in getting a bank loan.

Local Glendive Lending Resources

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

Small Business Bank Recent SBA Loans
Community First Bank of Glendive  
Heritage Bank  
Stockman Bank Of Montana 1

Other Lending Resources for Glendive Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
Innovative Bank
Oakland, CA
1
Stockman Bank Of Montana
Miles City, MT
2
Stockman Bank Of Montana
Sidney, MT
3
U.S. Bank National Association
Cincinnati, OH
4

Tips for Getting a Business Loan in Glendive

Before reaching out to banks to get a bank 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing 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 guarantee 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 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. 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

If you are new to our Gaebler.com site, you should know that we are all about helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Attracting Investors.

Business Loan Sources for Other Cities in Montana
Get a Business Loan in Bozeman
Get a Business Loan in Great Falls

Browse All Business Loan Sources for Montana