Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Hawthorne, Nevada Business Loan

 
Loan Census SBA Loan Info

Small business loans in Hawthorne, Nevada are available. You just need to talk to the right bank.

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

Local Hawthorne Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Financial Horizons Cu 1

Business Loan Providers for Hawthorne Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Citibank
Las Vegas, NV
1

Hawthorne Business Loan Advice

As a prerequisite to meeting with banks to get 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, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 look at your personal credit report 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Angel Investors.

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