Stanfield, Oregon Small Business Loans

Local Stanfield Banks

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

Lenders for Stanfield Businesses

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

Stanfield Bank Loan Tips

Prior to meeting with banks for a 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the money is to for an existing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan 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. Before you sit down to talk with a small business 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

Our Gaebler.com site is passionate about helping small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Business Incubators.