This article is written specifically for entrepreneurs in Memphis, Texas who are interested in getting a small business loan.
Local Memphis Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Memphis.
Other Lending Resources for Memphis Businesses
Be sure to speak with bankers outside of Memphis, Texas. These banks, in the table below, have lent to other Memphis small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Memphis Business Loan Advice
Borrowing money is one of the most common sources of funding for a small business, but securing debt financing is a time-consuming task.
Improve your odds by talking to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best possible small business loan.
Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
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