Loan Census Banking News and Information
September 27, 2020  
  Business Loan Information  

Small Business Lenders in Byron, Georgia

Loan Census SBA Loan Info

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

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

Local Byron Banks

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

Small Business Bank Recent SBA Loans
BB & T - Branches- Byron- ATM Location  
Branch Bank & Trust 1
Citizens Bank  
First Community Bank  

Business Loan Providers for Byron Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
Bank Of America
Charlotte, NC
Branch Bank & Trust
Winston Salem, NC
Business Loan Center, LLC
Panama City Beach, FL
Colony Bank Of Fitzgerald
Warner Robins, GA
Security Bank Of Bibb County
Brunswick, GA

Business Loan Advice for Byron Businesses

Prior to meeting with 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, define how the money will be used, and show your ability to pay the money back to the bank.

Having a business plan is essential. If the financing 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 guarantee 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, you will likely be asked to secure the business 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 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. Advice on Raising Money is a site that is dedicated to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we would suggest you read Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in Georgia
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