Yorktown, Texas Business Loan

Local Yorktown Lenders

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

Lenders for Yorktown Businesses

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

Yorktown Business Loan Advice

Before meeting with banks for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the capital 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, the bank may ask you to to pledge your personal assets, such as the equity in your home. 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 are SBA lenders. 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 devoted to aiding small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.