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

La Vernia, Texas Business Loan

 
Loan Census SBA Loan Info

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

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

Lenders for La Vernia Businesses

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

Small Business Bank Recent SBA Loans
Schertz Bank & Trust
Schertz, TX
2
Superior Financial Group, LLC
Walnut Creek, CA
1

La Vernia Business Loan Advice

Prior to meeting with lenders to discuss getting a bank loan, you will need to have a specific plan.

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

Being able to present a well-written business plan is essential. 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. Bankers will also want to know 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 pledge 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 are SBA lenders. 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

Gaebler.com is a site that is devoted to supporting small business owners, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Bank Credit Lines.

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