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
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.
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.
Gaebler.com Advice on Raising Money
Gaebler.com 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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