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

San Leanna, Texas Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in San Leanna, Texas! If that's what's on your mind, you've come to the right place.

We wrote this article for small business owners in San Leanna, Texas who are interested in getting a bank loan.

SBA Lenders for San Leanna Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
2
The Frost National Bank
San Antonio, TX
1

San Leanna Business Loan Advice

Prior to meeting with lenders to discuss getting 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 is critically important. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. 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 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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