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

Winchester, Nevada Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Winchester, Nevada are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Winchester, Nevada, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Winchester Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1

Winchester Bank Loan Tips

Before reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

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 how you intend to to pay the money back to the lender.

A well-defined business plan is is critically important. If the capital 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 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, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 these banks 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

Our Gaebler.com site is dedicated to supporting small business owners, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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