Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Baxley, Georgia Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Baxley, Georgia who are interested in getting debt financing.

Local Baxley Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Baxley.

Small Business Bank Recent SBA Loans
Community Bank of Georgia  
First National Bank South 2
FNB South  
Park Avenue Bank-Pab  
Peoples State Bank & Trust 12

Other Lending Resources for Baxley Businesses

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

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Jesup, GA
1
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 South
Alma, GA
1
Suntrust Bank
Richmond, VA
1

Baxley Business Loan Advice

Prior to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

A well-defined business plan is essential. If the capital is to for a company that is already doing 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, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is passionate about providing advice to small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

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