Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Port Arthur, Texas Small Business Loans

 
Loan Census SBA Loan Info

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

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

Lenders for Port Arthur Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Business Loan Center, LLC
New York, NY
2
Business Loan Center, LLC
Richmond, VA
8
Capital One
Mclean, VA
1
Capital Pacific Bank
Portland, OR
1
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Houston, TX
4
Gulf Cu
Groves, TX
1
Innovative Bank
Oakland, CA
8
Jpmorgan Chase Bank
Houston, TX
6
Metrobank
Houston, TX
1
Texas State Bank
Beaumont, TX
1
Texas State Bank
Port Neches, TX
3
Trustmark National Bank
Brandon, MS
1
United Central Bank
Garland, TX
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
3
Wells Fargo Bank
San Jose, CA
2

Port Arthur Bank Loan Tips

Prior to meeting with banks to get 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to pledge 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. 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

Gaebler.com is a site that is all about helping small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

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