Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Winnett, Montana Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Winnett, Montana small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Lenders for Winnett Businesses

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

Small Business Bank Recent SBA Loans
Basin State Bank
Lewistown, MT
2

Winnett Bank Loan Tips

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

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.

Having a business plan is is critically important. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 these banks are SBA lenders. Before meeting with the 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

If you are new to our Gaebler.com site, you should know that we are deeply committed to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Getting a Small Business Loan.

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