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

Small Business Lenders in Los Alamos, New Mexico

 
Loan Census SBA Loan Info

Looking for a Los Alamos, New Mexico 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.

If you are planning on applying for a small business loan and your business is based in Los Alamos, New Mexico, we've put together a list of local small business banks that you should contact.

Local Los Alamos Lenders

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

Small Business Bank Recent SBA Loans
Community Bank  
First National Bank of Santa Fe  
Los Alamos National Bank 19
Wells Fargo Bank NA  
ZIA Credit Union  

Lenders for Los Alamos Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
2
First Fed. A Division - Washin
Roswell, NM
1
State National Bank
Fort Worth, TX
1

Business Loan Advice for Los Alamos Businesses

Before meeting with banks to get a bank 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 plan to pay the loan back to the bank.

Having a business plan is is critically important. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 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 the banks in our list are SBA lenders. 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

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Angel Investors.

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