Business Loan Mabton, Washington

Local Mabton Lenders

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

Business Loan Providers for Mabton Businesses

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

Tips for Getting a Business Loan in Mabton

Before meeting with lenders to get 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 essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to pledge 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 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

Our Gaebler.com site is all about providing advice to small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is 504 Loans.