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

Small Business Lenders in Bluffton, Georgia

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Bluffton, Georgia, we've put together a list of local small business banks that you should contact.

Business Loan Providers for Bluffton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
2
Wachovia Bank
Charlotte, NC
1

Business Loan Advice for Bluffton Businesses

Before contacting lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the bank loan is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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

Our Gaebler.com site is devoted to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Georgia
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