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

Livingston, Texas Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Livingston, Texas! 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 Livingston, Texas, we've assembled a list of local small business banks that you should contact.

Local Livingston Business Lenders

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

Small Business Bank Recent SBA Loans
1st National Bank - Livingston 3

Lenders for Livingston Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
2
Capital One
Mclean, VA
2
Comerica Bank
Houston, TX
3
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
2
Small Business Loan Source LLC
Houston, TX
1
Washington Mutual Bank
Henderson, NV
2

Livingston Bank Loan Tips

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

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 bank.

Having a business plan is essential. If the capital 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, the bank may ask you to to pledge 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 are SBA lenders. Before meeting with the 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 devoted to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Business Line of Credit.

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