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

Sibley, Louisiana Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Sibley, Louisiana small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Sibley, Louisiana, we've assembled a list of local small business banks that you should contact.

Local Sibley Lenders

To assist you in finding a small business banker, here's our list of small business banks in Sibley.

Small Business Bank Recent SBA Loans
Gibsland Bank & Trust CO  
Hibernia National Bank - Minden- Banking Office Locations- Sibley Driv  

Banks that Lend to Sibley Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank & Trust Company
Springhill, LA
3

Sibley Bank Loan Tips

As a prerequisite to meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

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.

Having a business plan is an important prerequisite. If the capital is to for a company that is already doing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan 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. Prior to visiting local banks, 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

Our Gaebler.com site is passionate about providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Find Start-Up Capital.

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