Lakewood, Washington Business Loan

I need a loan for my business in Lakewood, Washington! If that's what's on your mind, you've come to the right place.

These materials were prepared for small business owners in Lakewood, Washington who are interested in getting debt financing.

Local Lakewood Banks

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

Small Business Bank	Recent SBA Loans
Bank of America
Columbia Bank - Lakewood
Heritage Bank
Homestreet Bank
Northwest Commercial Bank	18
Pacific International
Sound Banking Company
U S Bank - Branch Offices- Tacoma- Lakewood WA Office
Washington Federal Savings - Lakewood
Washington Mutual - Bank Locations- Tacoma- Lakewood

Business Loan Providers for Lakewood Businesses

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

Small Business Bank	Recent SBA Loans
Bank Of America Charlotte, NC	15
Capital One Mclean, VA	3
Cit Small Business Lending Corp Livingston, NJ	1
Columbia State Bank Tacoma, WA	4
Comerica Bank Sacramento, CA	1
Hanmi Bank Los Angeles, CA	2
Heritage Bank Tacoma, WA	1
Innovative Bank Oakland, CA	7
Keybank National Association Cleveland, OH	2
Mirae Bank Los Angeles, CA	3
Pacific International Bank Seattle, WA	4
Prime Pacific Bank, Na Lynnwood, WA	1
Saehan Bank Los Angeles, CA	2
Security State Bank Centralia, WA	1
Temecula Valley Bank Temecula, CA	2
U.S. Bank National Association Cincinnati, OH	10
United Commercial Bank San Francisco, CA	1
Washington 1st Internatl Federal Way, WA	1
Washington 1st Internatl Seattle, WA	3
Wells Fargo Bank San Jose, CA	1
Wells Fargo Bank Sioux Falls, SD	2
Wilshire State Bank Los Angeles, CA	2

Lakewood Business Loan Advice

As a prerequisite to meeting with banks 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. 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 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 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 meeting with the banker, you may want to do your homework 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 passionate about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is 504 Loans.

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