Business Loan Naches, Washington

Local Naches Banks

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

Business Loan Providers for Naches Businesses

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

Tips for Getting a Business Loan in Naches

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

Gaebler.com is a site that is dedicated to assisting small business owners, and we have a lot of resources related to to Raising Money. For example, we recommend you read Business Credit Evaluation.