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
|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.
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.
Gaebler.com Advice on Raising Money
Gaebler.com 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
Get a Business Loan in Buford
Get a Business Loan in Cairo
Browse All Business Loan Sources for Georgia