Loan Census Banking News and Information
August 5, 2021  
 
 
  Business Loan Information  
 

Southlake, Texas Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Southlake, Texas seems challenging at first, but we're here to help you get started.

This article is written specifically for small business owners in Southlake, Texas who are interested in getting a bank loan.

Local Southlake Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank of America  
Bank of Texas NA - Southlake Kroger  
Bank of the West  
Bank One  
Chase Bank of Texas  
Citibank Texas  
First Finan Bank 9

Lenders for Southlake Businesses

This is a list of banks outside of Southlake, Texas that have provided SBA loans to Southlake 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
2
American Bank Of Texas
Frisco, TX
1
Banco Popular North America
New York City, NY
3
Bank Of America
Charlotte, NC
9
Bank Of The West
Grapevine, TX
5
Borrego Springs Bank
Borrego Springs, CA
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
9
Citicapital Small Business Finance
Irving, TX
1
Comerica Bank
Dallas, TX
1
Comerica Bank
Houston, TX
2
Community Bank
Granbury, TX
6
Compass Bank
Birmingham, AL
1
Compass Bank
Fort Worth, TX
5
Compass Bank
Grapevine, TX
4
First National Bank Of Arizona
Scottsdale, AZ
1
First National Bank Southwest A Divi
Frisco, TX
2
First United Bank & Trust
Durant, OK
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
24
Millennium State Bank Of Texas
Dallas, TX
1
Plainscapital Bank
Lubbock, TX
1
Prosper Bank
Prosper, TX
2
Saehan Bank
Los Angeles, CA
1
Southwest Securities, FSB
Arlington, TX
3
State National Bank
Hurst, TX
1
Temecula Valley Bank
Temecula, CA
1
Texas Cap. Bank
Dallas, TX
1
The Frost National Bank
North Richland Hills, TX
3
The Frost National Bank
San Antonio, TX
5
United Central Bank
Garland, TX
1
United Community Bank
Blairsville, GA
1
United Community Bank
Highland Village, TX
2
United Western Bank
Denver, CO
1
Wachovia Bank
Charlotte, NC
1
Wachovia Bank
Irving, TX
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
3
Wells Fargo Bank
Austin, TX
5
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank
Sioux Falls, SD
1
Wilshire State Bank
Los Angeles, CA
2
Woodforest National Bank
Houston, TX
2
Worth National Bank
Fort Worth, TX
3

Southlake Business Loan Advice

Before reaching out to banks to get 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 intend to 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 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 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, the bank may ask you to to to guarantee the loan 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. 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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