If you are hoping to get a small business loan and your business is based in Enumclaw, Washington, we've assembled a list of local small business banks that you should contact.
Local Enumclaw Business Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Enumclaw.
Small Business Bank |
Recent SBA Loans |
Bank Of America |
|
Columbia State Bank |
25 |
Keybank - Keycenters- Enumclaw |
|
U S Bank - Branch Offices- Enumclaw- Enumclaw Office |
|
Washington Mutual - Bank Locations- Enumclaw |
|
Washington Mutual-Financial Center |
|
Other Lending Resources for Enumclaw Businesses
This is a list of banks outside of Enumclaw, Washington that have provided SBA loans to Enumclaw businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
21 |
Banner Bank
Kirkland, WA |
1 |
Business Loan Center, LLC
New York, NY |
2 |
Capital One
Mclean, VA |
2 |
Center Bank
Los Angeles, CA |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Columbia State Bank
Tacoma, WA |
2 |
Comerica Bank
Dallas, TX |
1 |
Community W. Bank
Goleta, CA |
1 |
Keybank National Association
Cleveland, OH |
3 |
Kitsap Bank
Port Orchard, WA |
2 |
Mirae Bank
Los Angeles, CA |
1 |
Seattle Economic Devel Fund Db
Seattle, WA |
1 |
U.S. Bank National Association
Cincinnati, OH |
10 |
Wachovia SBA Lending, Inc.
Roseville, CA |
2 |
Washington Mutual Bank
Henderson, NV |
4 |
Wells Fargo Bank
San Jose, CA |
4 |
Wilshire State Bank
Los Angeles, CA |
1 |
Enumclaw Bank Loan Tips
As a prerequisite to reaching out to lenders for a loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.
Having a business plan is is critically important. If the financing is to for a going concern, 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 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. 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
If you are new to our Gaebler.com site, you should know that we are all about providing advice to small business owners, and we have a
lot of resources related to to Raising
Money. To learn more, we recommend you read Getting a Small Business Loan.
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