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.
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.
Gaebler.com 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.
More Business Loan Info for Nevada
Get a Business Loan in Sun Valley
Get a Business Loan in Winnemucca
Browse All Business Loan Sources for Nevada