Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in San Luis, Arizona

 
Loan Census SBA Loan Info

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

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

Local San Luis Lenders

To help you learn more about local small business lenders, here's our list of small business banks in San Luis.

Small Business Bank Recent SBA Loans
Century 1 Mortgage  
National Bank of Arizona - Branch Offices- San Luis  

SBA Lenders for San Luis Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Jpmorgan Chase Bank
Houston, TX
6
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
Sioux Falls, SD
1

Business Loan Advice for San Luis Businesses

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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 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 get up to speed 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 started, we recommend you read How Equity Dilution Works.

Business Loan Sources for Other Cities in Arizona
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Get a Business Loan in Scottsdale

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