Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Bertram, Texas Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Bertram, Texas who are interested in getting a bank loan.

Other Lending Resources for Bertram Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First State Bank Central Texas
Austin, TX
1

Bertram Business Loan Advice

Before contacting 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Having a business plan is essential. If the financing 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 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 the banks in our list 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Find Start-Up Capital.

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