Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Business Loan Dodson, Louisiana

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Dodson, Louisiana who are interested in getting debt financing.

Other Lending Resources for Dodson Businesses

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

Small Business Bank Recent SBA Loans
First Financial Bank
El Dorado, AR
1

Tips for Getting a Business Loan in Dodson

Before contacting lenders for a 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 intend to to pay the loan back to the lender.

A well-defined 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, you will likely be asked to to guarantee the loan 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 these banks are SBA lenders. Before you sit down to talk with a small business banker, you may want to read up on 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 Business Line of Credit.

More Business Lender Lists for Louisiana Cities
Get a Business Loan in Destrehan
Get a Business Loan in Donaldsonville

Browse All Business Loan Sources for Louisiana