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

Seymour, Texas Business Loan

 
Loan Census SBA Loan Info

Small business loans in Seymour, Texas are available. You just need to talk to the right bank.

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

Local Seymour Lenders

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

Small Business Bank Recent SBA Loans
Farmers National Bank - Seymour 6

Lenders for Seymour Businesses

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

Small Business Bank Recent SBA Loans
Amer National Bank - Texas
Fort Worth, TX
1
First State Bank
Graham, TX
1

Seymour Business Loan Advice

As a prerequisite to contacting banks to discuss getting a bank 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the capital 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 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 secure the business with 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. Prior to visiting local banks, 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read How Equity Dilution Works.

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