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November 14, 2024  
 
 
  Business Loan Information  
 

Business Loan Oakdale, Louisiana

 
Loan Census SBA Loan Info

Small business loans in Oakdale, Louisiana are available. You just need to talk to the right bank.

This article is written specifically for small business owners in Oakdale, Louisiana who are interested in getting a bank loan.

Local Oakdale Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Oakdale.

Small Business Bank Recent SBA Loans
Cameron State Bank  
First Fed. Bank - Louisiana 1
First Federal Bank of Louisiana  
Hibernia National Bank  
Sabine State Bank  

Business Loan Providers for Oakdale Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
5
Hancock Bank
Gulfport, MS
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
1
Newtek Small Business Finance Inc.
New York, NY
1

Tips for Getting a Business Loan in Oakdale

As a prerequisite to meeting with lenders to get a bank loan, you will need to have a specific plan.

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 your ability to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 secure the business with your personal assets, such as the equity in your home. 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. Prior to visiting local banks, you may want to get up to speed 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 dedicated to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read 504 Loans.

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