Caldwell, Idaho Business Loan

Local Caldwell Banks

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

Other Lending Resources for Caldwell Businesses

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

Caldwell Business Loan Advice

Before meeting with 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the bank.

Having a business plan is an important prerequisite. If the financing is to for a company that is already doing business, 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 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 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 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 all about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Angel Investors.