Small Business Lenders in Penitas, Texas

Local Penitas Lending Resources

Without further adieu, here's our list of small business banks in Penitas.

Business Loan Providers for Penitas Businesses

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

Business Loan Advice for Penitas Businesses

Before reaching out to 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.

A well-defined 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 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 secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 read up on 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 deeply committed to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we would suggest you read Borrowing Money from Friends and Family.