Small Business Lenders in Quinlan, Texas

Local Quinlan Lending Resources

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

Other Lending Resources for Quinlan Businesses

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

Business Loan Advice for Quinlan Businesses

As a prerequisite to reaching out to banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the bank.

A well-defined business plan is essential. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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 providing advice to small business owners, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is 504 Loans.