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

Small Business Lenders in Athens, West Virginia

 
Loan Census SBA Loan Info

Small business loans in Athens, West Virginia 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 Athens, West Virginia, we've assembled a list of local small business banks that you should contact.

Local Athens Business Lenders

Without further adieu, here's our list of small business banks in Athens.

Small Business Bank Recent SBA Loans
BB & T - Branches- Athens  
First Community Bank - Athens  

SBA Lenders for Athens Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Innovative Bank
Oakland, CA
1

Business Loan Advice for Athens Businesses

As a prerequisite to 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.

Having a business plan is an important prerequisite. If the capital 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 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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