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

Business Loan Heath, Texas

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Heath, Texas who are interested in getting debt financing.

Business Loan Providers for Heath Businesses

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

Small Business Bank Recent SBA Loans
Amer National Bank - Texas
Terrell, TX
1
Bank Of America
Charlotte, NC
2
Community Bank
Granbury, TX
5
Prosper Bank
Prosper, TX
1
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Heath

Prior to contacting lenders to discuss getting 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is essential. 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 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

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 Microlending as a Small Business Funding Source.

Business Loan Sources for Other Cities in Texas
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