Loan Census Banking News and Information
April 16, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Lame Deer, Montana

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Lame Deer, Montana, we've assembled a list of local small business banks that you should contact.

Local Lame Deer Lenders

Without further adieu, here's our list of small business banks in Lame Deer.

Small Business Bank Recent SBA Loans
First Interstate Bank  

Business Loan Providers for Lame Deer Businesses

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

Small Business Bank Recent SBA Loans
Wells Fargo Bank
Minneapolis, MN
2

Business Loan Advice for Lame Deer Businesses

Before contacting lenders for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is is critically important. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with 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 these banks 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 do your homework 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 new to our Gaebler.com site, you should know that we are passionate about helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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