Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Sunland Park, New Mexico Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Sunland Park, New Mexico 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 hoping to get a small business loan and your business is based in Sunland Park, New Mexico, we've assembled a list of local small business banks that you should contact.

Local Sunland Park Lending Resources

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

Small Business Bank Recent SBA Loans
Interamerica Bank  

Other Lending Resources for Sunland Park Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
First National Bank
Fabens, TX
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1
United Bank - El Paso Del Norte
El Paso, TX
1
Wells Fargo Bank
Austin, TX
2
Wells Fargo Bank
San Jose, CA
1

Sunland Park Bank Loan Tips

As a prerequisite to contacting lenders to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the bank loan 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 you cannot repay the loan.

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 are SBA lenders. Before meeting with the banker, you may want to read up on 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 new to our Gaebler.com site, you should know that we are passionate about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Find Start-Up Capital.

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