Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

De Quincy, Louisiana Business Loan

 
Loan Census SBA Loan Info

Looking for a De Quincy, Louisiana 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.

This article is written specifically for small business owners in De Quincy, Louisiana who are interested in getting a small business loan.

Lenders for De Quincy Businesses

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

Small Business Bank Recent SBA Loans
Cameron State Bank
Lake Charles, LA
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
1

De Quincy Business Loan Advice

Prior to meeting with lenders 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 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 lender.

Being able to present a well-written business plan is is critically important. 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 guarantee 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, you will likely be asked to pledge 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 these banks 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 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

Our Gaebler.com site is deeply committed to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

More Business Lender Lists for Louisiana Cities
Get a Business Loan in Cut Off
Get a Business Loan in Denham Springs

Browse All Business Loan Sources for Louisiana