Loan Census Banking News and Information
December 23, 2024  
 
 
  Business Loan Information  
 

Grandview, Texas Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Grandview, Texas, we've put together a list of local small business banks that you should contact.

Local Grandview Lending Resources

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

Small Business Bank Recent SBA Loans
First State Bank Grandview 1
Grandview Bank 10

SBA Lenders for Grandview Businesses

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

Small Business Bank Recent SBA Loans
Amer National Bank - Texas
Fort Worth, TX
1
Community Bank
Granbury, TX
2
Temecula Valley Bank
Temecula, CA
1
United Central Bank
Garland, TX
1
Wachovia Bank
Charlotte, NC
1

Grandview Bank Loan Tips

Before reaching out to lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, 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 loan 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 meeting with the 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.

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