Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Business Loan Snowflake, Arizona

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Snowflake, Arizona who are interested in getting a bank loan.

Local Snowflake Lenders

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

Small Business Bank Recent SBA Loans
Stockmen's Bank  
Wells Fargo Bank NA - Branch Offices- Snowflake  

Other Lending Resources for Snowflake Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Jpmorgan Chase Bank
Houston, TX
2
National Bank Of Arizona
Phoenix, AZ
1
Sterling Savings Bank
Santa Rosa, CA
1
Wells Fargo Bank
San Jose, CA
2

Tips for Getting a Business Loan in Snowflake

Prior to reaching out to lenders for a loan, you will need to have a specific plan.

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 lender.

A well-defined business plan is an important prerequisite. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, 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. 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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