Loan Census Banking News and Information
November 30, 2023  
  Business Loan Information  

Business Loan Litchfield Park, Arizona

Loan Census SBA Loan Info

Looking for a Litchfield Park, Arizona small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for entrepreneurs in Litchfield Park, Arizona who are interested in getting a small business loan.

Local Litchfield Park Business Lenders

Without further adieu, here's our list of small business banks in Litchfield Park.

Small Business Bank Recent SBA Loans
Bank of America - Banking Centers- Litchfield Park- Dysart and Camel  
Compass Bank - Area Banking  
U S Bank  
Wells Fargo Bank  

Lenders for Litchfield Park Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
California Bank & Trust
Sacramento, CA
Cit Small Business Lending Corp
Livingston, NJ
Compass Bank
Birmingham, AL
Jpmorgan Chase Bank
Houston, TX
M&i Marshall & Ilsley Bank
Milwaukee, WI
Newtek Small Business Finance Inc.
New York, NY
Silver State Bank
Henderson, NV
South Valley National Bank A Divis
Gilroy, CA
Sterling Savings Bank
Santa Rosa, CA
The Adams National Bank
Washington, DC
U.S. Bank National Association
Cincinnati, OH
Washington Mutual Bank
Henderson, NV
Wells Fargo Bank
Phoenix, AZ
Wells Fargo Bank
San Jose, CA
Wells Fargo Bank
Sioux Falls, SD

Tips for Getting a Business Loan in Litchfield Park

Before meeting with banks to get 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. 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 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 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. Advice on Raising Money

If you are new to our site, you should know that we are devoted to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Angel Investors.

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