Small Business Lenders in Robeline, Louisiana

Local Robeline Business Loan Sources

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

Lenders for Robeline Businesses

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

Business Loan Advice for Robeline Businesses

As a prerequisite to reaching out to banks to discuss getting 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, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 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 these banks are SBA lenders. 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

If you are new to our Gaebler.com site, you should know that we are all about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Investor Turnoffs.