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

Burlington, North Carolina Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Burlington, North Carolina? If so, you'll want to talk to some of these small business lenders in Burlington.

If you are planning on applying for a small business loan and your business is based in Burlington, North Carolina, we've assembled a list of local small business banks that you should contact.

Local Burlington Lenders

Without further adieu, here's our list of small business banks in Burlington.

Small Business Bank Recent SBA Loans
1st State Bank - Full Service Hometown Banking- Main Office  
1st State Bank - Huffman Mill Office- Full Service Hometown Banking- Holly Hill Of  
1st State Bank - Mebane Office- Full Service Hometwon Banking- Cum-Park Plaza Of  
1st State Bank - Mebane Office- Graham Office  
1st State Bank - West Office- Mebane Office  
Alamance National Bank  
ATM USA  
Banc Of America Investment Services- Inc  
Bank Of America  
BB & T - Alamance County Branches- South Church Street- ATM Location  
Capital Bank 15
Central Carolina Bank - Alamance Road Office- Office Locations- Alamance Road Of  
Central Carolina Bank - Burlington CCB7 Office Inside Harries Teeter  
Central Carolina Bank - Cumm Park Office- Office Locations- CUM Park Of  
Central Carolina Bank - Graham Office  
Central Carolina Bank - Maple Avenue Office- Office  
Central Carolina Bank - Office Locations- South Church Street Office  
Central Carolina Bank - Office Locations- Twin Lakes Retirement Center  
Central Carolina Bank & Trust Company  
MCI ISDN for Wells Fargo Bank  
Midcarolina Bank  
Morris Plan Bank  
MPB Financial Services  
Suntrust Bank 1
Vantagesouth Bank 3

Lenders for Burlington Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
13
Bank Of North Carolina
Thomasville, NC
1
Branch Bank & Trust
Winston Salem, NC
4
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
5
Citicapital Small Business Finance
Irving, TX
1
Community W. Bank
Goleta, CA
2
Communityone Bank
Graham, NC
5
Innovative Bank
Oakland, CA
7
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Newbridge Bank
Kernersville, NC
1
Self-help Cu
Durham, NC
4
Self-help Cu
Greensboro, NC
2
Small Business Loan Source LLC
Houston, TX
1
Suntrust Bank
Richmond, VA
1
The Fidelity Bank
Elon College, NC
1
The Fidelity Bank
Gibsonville, NC
1
Wachovia Bank
Birmingham, AL
1

Burlington Bank Loan Tips

As a prerequisite to reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the lender.

A well-defined business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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. Before meeting with the banker, you may want to get up to speed 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 all about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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