Loan Census Banking News and Information
September 27, 2020  
  Business Loan Information  

Alto, Georgia Small Business Loans

Loan Census SBA Loan Info

Looking for a Alto, Georgia small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Other Lending Resources for Alto Businesses

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

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Winston Salem, NC
Cit Small Business Lending Corp
Livingston, NJ

Alto Bank Loan Tips

Before contacting banks to discuss getting a bank 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 to guarantee the loan with your personal assets, such as the equity in your home. 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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. Advice on Raising Money

If you are new to our site, you should know that we are devoted to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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