We wrote this article for small business proprietors in Oracle, Arizona who are interested in getting a small business loan.
SBA Lenders for Oracle Businesses
This is a list of banks outside of Oracle, Arizona that have provided SBA loans to Oracle businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Oracle
Before contacting banks for a 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 intend to to pay the loan back to the bank.
Having a business plan is is critically important. 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 guarantee 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, the bank may ask you to to pledge 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. 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
If you are new to our Gaebler.com site, you should know that we are all about helping entrepreneurs, and we have a
lot of resources related to to Raising
Money. If you want to learn about raising money, one article that might be of interest to you is 504 Loans.
More Business Lender Lists for Arizona Cities
Get a Business Loan in Nogales
Get a Business Loan in Oro Valley
Browse All Business Loan Sources for Arizona