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

Bowdon, Georgia Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Bowdon, Georgia seems challenging at first, but we're here to help you get started.

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

Local Bowdon Lending Resources

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

Small Business Bank Recent SBA Loans
BB & T - Branches- Bowden  
CB & T-Citizens Bank and Trust of W Gerga ATM LCTN - Bowdon Office ATM Loca  
Community First Bank  

Lenders for Bowdon Businesses

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

Small Business Bank Recent SBA Loans
Suntrust Bank
Richmond, VA
1
Temecula Valley Bank
Temecula, CA
1
The Buckhead Community Bank
Atlanta, GA
1

Bowdon Bank Loan Tips

As a prerequisite to meeting with 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Having a business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 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 504 Loans.

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