Business Loan Lakeview, Oregon

Local Lakeview Lenders

To assist you in finding a small business banker, here's our list of small business banks in Lakeview.

Banks that Lend to Lakeview Businesses

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

Tips for Getting a Business Loan in Lakeview

Prior to 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 plan 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 an existing 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 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 the banks in our list 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

Gaebler.com is a site that is passionate about supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we would suggest you read Business Credit Evaluation.