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

Palacios, Texas Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Palacios, Texas, we've assembled a list of local small business banks that you should contact.

Local Palacios Business Loan Sources

Without further adieu, here's our list of small business banks in Palacios.

Small Business Bank Recent SBA Loans
City St. Bank - Palacios 2
City State Bank Of Palacios 1
City State Bank Sharkie The  
Compass Bank  

SBA Lenders for Palacios Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
3
Capital One
Mclean, VA
1
Comerica Bank
Houston, TX
1
Compass Bank
Birmingham, AL
1
Compass Bank
Dallas, TX
1
Millennium State Bank Of Texas
Dallas, TX
1
Texas One Community Cu
Houston, TX
1
Wells Fargo Bank
Austin, TX
1

Palacios Bank Loan Tips

As a prerequisite to reaching out to lenders to get a bank 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 lender.

Being able to present a well-written business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to to secure the business with 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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 Choosing VC Firms.

Business Loan Sources for Other Cities in Texas
Get a Business Loan in Orange
Get a Business Loan in Pampa

Browse All Business Loan Sources for Texas