Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Payson, Arizona

 
Loan Census SBA Loan Info

Getting a business loan in Payson, Arizona seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Payson, Arizona, we've put together a list of local small business banks that you should contact.

Local Payson Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Stockmen's Bank  
Wells Fargo Bank NA - Branch Offices- Payson  

Lenders for Payson Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
Bank Of The West
Truckee, CA
1
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Compass Bank
Birmingham, AL
7
First National Bank Of Arizona
Scottsdale, AZ
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
23
Lea County State Bank
Hobbs, NM
1
Meridian Bank
Phoenix, AZ
1
Mission Oaks National Bank
Temecula, CA
1
National Bank Of Arizona
Phoenix, AZ
2
National Bank Of Arizona
Tucson, AZ
1
Pacific Western Bank
Escondido, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
San Jose, CA
7
Wells Fargo Bank
Sioux Falls, SD
2

Business Loan Advice for Payson Businesses

Prior to reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money 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 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 stocks and bonds that you might own or life insurance policies. 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 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

Gaebler.com is a site that is deeply committed to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Only Idiots Send Venture Capitalists Business Plans.

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