Loan Census Banking News and Information
December 18, 2024  
 
 
  Business Loan Information  
 

Business Loan Alamo, Texas

 
Loan Census SBA Loan Info

Looking for a Alamo, Texas 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.

We wrote this article for small business proprietors in Alamo, Texas who are interested in getting a small business loan.

Local Alamo Banks

To assist you in finding a small business banker, here's our list of small business banks in Alamo.

Small Business Bank Recent SBA Loans
Alamo Bank  
The Frost National Bank 47

Lenders for Alamo Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1
Texas State Bank
Weslaco, TX
1
The Laredo National Bank
Del Rio, TX
1
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in Alamo

Before contacting banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the loan 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 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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.

Gaebler.com Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. For starters, we suggest you read SBIR Funding.

Business Loan Sources for Other Cities in Texas
Get a Business Loan in Abilene
Get a Business Loan in Allen

Browse All Business Loan Sources for Texas