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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Bainbridge, Georgia

 
Loan Census SBA Loan Info

I need a loan for my business in Bainbridge, Georgia! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business owners in Bainbridge, Georgia who are interested in getting a small business loan.

Local Bainbridge Banks

To assist you in finding a small business banker, here's our list of small business banks in Bainbridge.

Small Business Bank Recent SBA Loans
Bainbridge National Bank  
Family Bank  
First Community Bank  
First National Bank of Decatur County  
First Port City Bank  
Peoples Community Bank  

Banks that Lend to Bainbridge Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
First National Bank - Nassau Cnty
Fernandina Beach, FL
1
Innovative Bank
Oakland, CA
2
United National Bank
Cairo, GA
1

Tips for Getting a Business Loan in Bainbridge

Before contacting banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. 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 guarantee 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, 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 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.

Gaebler.com Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

More Business Loan Info for Georgia
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Get a Business Loan in Barnesville

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