Cross Timbers, Missouri Business Loan

Local Cross Timbers Lenders

Without further adieu, here's our list of small business banks in Cross Timbers.

Banks that Lend to Cross Timbers Businesses

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

Cross Timbers Business Loan Advice

As a prerequisite to meeting with banks to discuss getting 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, 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 an important prerequisite. If the capital is to for a company that is already doing 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 new to our Gaebler.com site, you should know that we are deeply committed to helping small business owners, and we have a lot of resources related to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.