Loan Census Banking News and Information
February 21, 2024  
  Business Loan Information  

Holbrook, Arizona Business Loan

Loan Census SBA Loan Info

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

We wrote this article for small business owners in Holbrook, Arizona who are interested in getting debt financing.

Local Holbrook Business Loan Sources

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

Small Business Bank Recent SBA Loans
Community First Bank  
Wells Fargo Bank NA - Branch Offices- Holbrook  

SBA Lenders for Holbrook Businesses

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

Small Business Bank Recent SBA Loans
Comerica Bank
Dallas, TX
Excel National Bank
Beverly Hills, CA
Mirae Bank
Los Angeles, CA
Mission Oaks National Bank
Temecula, CA
Pacific Western Bank
Escondido, CA
Saehan Bank
Los Angeles, CA
Temecula Valley Bank
Temecula, CA
Wells Fargo Bank
San Jose, CA

Holbrook Business Loan Advice

Before contacting banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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. Prior to visiting local banks, you may want to get up to speed 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. Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read How Much Venture Capital Is There?.

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