Small Business Lenders in Sutherlin, Oregon

Local Sutherlin Business Lenders

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

Lenders for Sutherlin Businesses

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

Business Loan Advice for Sutherlin Businesses

Prior to reaching out to banks for a 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 how you intend to 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to 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 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

Gaebler.com is a site that is devoted to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read Getting a Small Business Loan.