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

Huntsville, Texas Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Huntsville, Texas seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Huntsville, Texas, we've put together a list of local small business banks that you should contact.

Local Huntsville Lenders

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

Small Business Bank Recent SBA Loans
American Bank  
Bank Of America  
Citizens Bank of Texas  
First National Bank - Huntsville 12

Business Loan Providers for Huntsville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
6
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
First National Bank Of Arizona
Scottsdale, AZ
1
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
2
Madisonville State Bank
Madisonville, TX
1
Millennium State Bank Of Texas
Dallas, TX
1
Newtek Small Business Finance Inc.
New York, NY
1
Southwest Bank
Fort Worth, TX
3
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Austin, TX
1
Woodforest National Bank
Houston, TX
1

Huntsville Bank Loan Tips

Prior to meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a company that is already doing business, 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 to guarantee the loan with your personal assets, such as the equity in your home. 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. Before you sit down to talk with a small business 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

Gaebler.com is a site that is dedicated to aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Realistic Debt Financing Options.

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