If you are planning on applying for a small business loan and your business is based in Tuba City, Arizona, we've put together a list of local small business banks that you should contact.
Local Tuba City Banks
Without further adieu, here's our list of small business banks in Tuba City.
|Small Business Bank
||Recent SBA Loans
|Norwest Bank Arizona NA
Banks that Lend to Tuba City Businesses
This is a list of banks outside of Tuba City, Arizona that have provided SBA loans to Tuba City businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Tuba City Businesses
Prior to reaching out to 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 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 going concern, 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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.
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