If you are looking for a small business loan and your business is based in Atlanta, Texas, we've put together a list of local small business banks that you should contact.
Local Atlanta Lending Resources
Without further adieu, here's our list of small business banks in Atlanta.
|Small Business Bank
||Recent SBA Loans
SBA Lenders for Atlanta Businesses
This is a list of banks outside of Atlanta, Texas that have provided SBA loans to Atlanta businesses. Some of these may be national banks with local branch locations.
Atlanta Bank Loan Tips
Before reaching out to lenders to get 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, define how the money will be used, and show how you intend to to pay the loan back to the lender.
A well-defined business plan is is critically important. If the loan is to for an existing 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 you cannot repay the loan.
If the business has few assets, the bank may ask you to to secure the business 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 these banks are SBA lenders. Before meeting with the 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
Gaebler.com is a site that is devoted to providing advice to entrepreneurs, and we have a
lot of useful articles about to Raising
Money. If raising money is on your to-do list, one article that might be of interest to you is Only Idiots Send Venture Capitalists Business Plans.
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