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

Minden, Louisiana Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Minden, Louisiana who are interested in getting debt financing.

Local Minden Business Loan Sources

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

Small Business Bank Recent SBA Loans
Capital One 1
Carter Federal Credit Union  
Citizens Bank & Trust Company 1
Gibsland Bank & Trust  
Hibernia National Bank  
Minden Building and Loan Association  
Regions Bank  
Richland State Bank  

Banks that Lend to Minden Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Citizens Bank & Trust Company
Springhill, LA
8
Gibsland Bank & Trust Company
Gibsland, LA
3
Innovative Bank
Oakland, CA
3
Natl Consumer Cooperative
Washington, DC
1
Regions Bank
Atlanta, GA
1

Minden Business Loan Advice

As a prerequisite to 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Having a business plan is essential. If the financing 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 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 are SBA lenders. 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

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