Business Loan Coupeville, Washington

Local Coupeville Business Lenders

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

Banks that Lend to Coupeville Businesses

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

Tips for Getting a Business Loan in Coupeville

Before meeting with 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 is critically important. If the money is to for an existing 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, 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. Prior to visiting local banks, 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 new to our Gaebler.com site, you should know that we are dedicated to assisting small business owners, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read Only Idiots Send Venture Capitalists Business Plans.