Loan Census Banking News and Information
June 30, 2022  
  Business Loan Information  

Small Business Lenders in Tonopah, Nevada

Loan Census SBA Loan Info

I need a loan for my business in Tonopah, Nevada! 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 Tonopah, Nevada, we've assembled a list of local small business banks that you should contact.

Local Tonopah Banks

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

Small Business Bank Recent SBA Loans
Nevada State Bank  

Lenders for Tonopah Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
Innovative Bank
Oakland, CA
Temecula Valley Bank
Temecula, CA

Business Loan Advice for Tonopah Businesses

As a prerequisite to contacting banks to discuss getting 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 intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan 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 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. Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Microlending as a Small Business Funding Source.

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