Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Tonalea, Arizona Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Tonalea, Arizona! If that's what's on your mind, you've come to the right place.

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

Business Loan Providers for Tonalea Businesses

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

Small Business Bank Recent SBA Loans
California Bank & Trust
Sacramento, CA
1

Tonalea Bank Loan Tips

As a prerequisite to reaching out to banks to get a bank 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 you sit down to talk with a small business 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 Bank Credit Lines.

More Business Loan Info for Arizona
Get a Business Loan in Tempe
Get a Business Loan in Tuba City

Browse All Business Loan Sources for Arizona