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

Small Business Lenders in Newcastle, Wyoming

 
Loan Census SBA Loan Info

Raising money in Newcastle, Wyoming? If so, you'll want to talk to some of these small business lenders in Newcastle.

If you are looking for a small business loan and your business is based in Newcastle, Wyoming, we've assembled a list of local small business banks that you should contact.

Local Newcastle Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Newcastle.

Small Business Bank Recent SBA Loans
Black Hills Mortgage Co LLC  
First State Bank of Newcastle - Phone Bank- Balance Info  
Pinnacle Bank-wyoming 1

Lenders for Newcastle Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The West
Salt Lake City, UT
1
Cit Small Business Lending Corp
Livingston, NJ
1
Pinnacle Bank-wyoming
Torrington, WY
1
Wells Fargo Bank
Minneapolis, MN
1

Business Loan Advice for Newcastle Businesses

As a prerequisite to reaching out to banks for a 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 an important prerequisite. If the bank loan is to for an existing business, 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 you cannot repay the loan.

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 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 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Realistic Debt Financing Options.

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