This article is written specifically for entrepreneurs in West Monroe, Louisiana who are interested in getting debt financing.
Local West Monroe Business Loan Sources
To help you learn more about local small business lenders, here's our list of small business banks in West Monroe.
Small Business Bank |
Recent SBA Loans |
American Horizons Bank - Branches-Monroe-West Monroe Ruston-Bastrop |
|
Bancorpsouth - Commercial Lending |
|
Community Trust Bank |
6 |
Cross Keys Bank |
1 |
Hibernia |
|
Iberiabank |
|
Louisiana Bank of Ouachita Parish |
|
Magnolia Bag CO |
|
Ouachita Independent Bank |
4 |
Progressive Bank |
2 |
Progressive State Bank |
|
Regions Bank - Branch Locations- West Monroe |
|
Richland State Bank |
|
Banks that Lend to West Monroe Businesses
Be sure to speak with bankers outside of West Monroe, Louisiana. These banks, in the table below, have lent to other West Monroe small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Small Business Bank |
Recent SBA Loans |
Banco Popular North America
New York City, NY |
1 |
Bancorpsouth Bank
Ruston, LA |
1 |
Business Loan Center, LLC
Panama City Beach, FL |
3 |
Capital One
Mclean, VA |
3 |
Community Trust Bank
Ruston, LA |
2 |
Ecd Investments Bidco Corp
Monroe, LA |
1 |
First National Bank
Arcadia, LA |
2 |
Iberiabank
Monroe, LA |
2 |
Iberiabank
Ruston, LA |
3 |
Innovative Bank
Oakland, CA |
9 |
Jpmorgan Chase Bank
Houston, TX |
14 |
North Louisiana Bidco, LLC
Monroe, LA |
10 |
Ouachita Independent Bank
Monroe, LA |
5 |
Progressive Bank
Winnsboro, LA |
1 |
Regions Bank
Atlanta, GA |
2 |
Source Business & Indust Devel Cor
Baton Rouge, LA |
1 |
Tips for Getting a Business Loan in West Monroe
Getting a bank loan is one of the most common sources of funding for a small business, but securing debt financing requires a fair amount of work.
It's always a good idea to talk to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get a great deal on your bank loan.
Remember, before meeting with a banker, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
Gaebler.com Advice on Raising Money
If you are new to our Gaebler.com site, you should know that we are all about providing advice to small business owners, and we have a
lot of information pertaining to to Raising
Money. If raising money is on your to-do list, we recommend you read How Equity Dilution Works.
Business Loan Sources for Other Cities in Louisiana
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