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

Business Loan Superior, Montana

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Superior, Montana who are interested in getting a bank loan.

Local Superior Banks

To help you learn more about local small business lenders, here's our list of small business banks in Superior.

Small Business Bank Recent SBA Loans
Mullan Trail Bank 1
Wells Fargo Bank N A  

Lenders for Superior Businesses

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

Small Business Bank Recent SBA Loans
Mountain W. Bank
Helena, MT
2
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Superior

As a prerequisite to contacting 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, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.

Having a business plan is essential. If the financing 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 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 pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

Business Loan Sources for Other Cities in Montana
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