Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Astatula, Florida Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Astatula, Florida are available. You just need to talk to the right bank.

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

Lenders for Astatula Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bankfirst
Winter Garden, FL
1
Bankfirst
Winter Park, FL
1

Astatula Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank 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 bank.

A well-defined business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework 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.

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