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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Hillsboro, Texas

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Hillsboro, Texas who are interested in getting a bank loan.

Local Hillsboro Banks

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

Small Business Bank Recent SBA Loans
Bank of America  
Citizens National Bank  
Colonial Trust CO  

Banks that Lend to Hillsboro Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
2
Capital One
Mclean, VA
1
Citizens National Bank - Texas
Waxahachie, TX
1
Comerica Bank
Houston, TX
1
Community Bank
Granbury, TX
1
Compass Bank
Fort Worth, TX
1
United Central Bank
Garland, TX
1
Wells Fargo Bank
Austin, TX
1

Tips for Getting a Business Loan in Hillsboro

Before meeting with banks 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 bank.

Being able to present a well-written business plan is is critically important. 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 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, the bank may ask you to 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

Our Gaebler.com site is deeply committed to assisting small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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