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

Manor, Texas Business Loan

 
Loan Census SBA Loan Info

Small business loans in Manor, Texas are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Manor, Texas who are interested in getting a small business loan.

Lenders for Manor Businesses

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

Small Business Bank Recent SBA Loans
Amer Bank
Corpus Christi, TX
2
American Bank Of Commerce
Wolfforth, TX
1
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
1
Comerica Bank
Dallas, TX
2
First State Bank
Granger, TX
1
First State Bank Central Texas
Austin, TX
2
Innovative Bank
Oakland, CA
3
The Frost National Bank
San Antonio, TX
1
U.S. Bank National Association
Cincinnati, OH
1
University Fcu
Austin, TX
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Austin, TX
1

Manor Business Loan Advice

Prior to meeting with banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the bank.

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. 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed 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 planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Only Idiots Send Venture Capitalists Business Plans.

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