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March 28, 2024  
 
 
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Business Loan Normandy Park, Washington

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Normandy Park, Washington who are interested in getting debt financing.

Lenders for Normandy Park Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Banner Bank
Walla Walla, WA
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
2
Kitsap Bank
Port Orchard, WA
1
U.S. Bank National Association
Cincinnati, OH
2

Tips for Getting a Business Loan in Normandy Park

As a prerequisite to reaching out to banks to get a bank 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, describe what the money will finance, and show how you plan to pay the loan 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. In addition, you should itemize 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 secure the business with 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Business Cash Advances.

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