Loan Census Banking News and Information
September 26, 2020  
  Business Loan Information  

Adel, Georgia Small Business Loans

Loan Census SBA Loan Info

Getting a business loan in Adel, Georgia seems challenging at first, but we're here to help you get started.

If you are planning on applying for a small business loan and your business is based in Adel, Georgia, we've put together a list of local small business banks that you should contact.

Local Adel Lenders

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

Small Business Bank Recent SBA Loans
Adel Banking Company  
B B & T - Branches- Adel  
Bank of Lenox  
BB & T  
Cook Community Bank  
PAB Park Avenue Bank  
The Park Avenue Bank 1

Lenders for Adel Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Bank Of The West
Truckee, CA
First National Bank - Coffee Cnty
Douglas, GA
First National Bank - Nassau Cnty
Fernandina Beach, FL
South Georgia Banking Company
Ashburn, GA
The Citizens Bank
Nashville, GA

Adel Bank Loan Tips

Prior to reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the lender.

A well-defined business plan is essential. 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 pledge 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 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 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. Advice on Raising Money is a site that is devoted to supporting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is 504 Loans.

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