Loan Census Banking News and Information
September 20, 2019  
 
 
  Business Loan Information  
 

Chapel Hill, North Carolina Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Chapel Hill, North Carolina who are interested in getting a bank loan.

Local Chapel Hill Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Chapel Hill.

Small Business Bank Recent SBA Loans
ATM USA  
Automatic Bank Card Services  
Banc Of America Investment Services- Inc  
Bank Of America  
BB & T - Branches- N Elliott Rd- ATM Location  
BB & T - Branches- Rosemary Street  
BB & T - Departments- Chapel Hill Mortgage Loans  
Branch Bank & Trust 1
Cash 4 Me  
Central Carolina Bank and Trust  
Centura Bank  
First Citizens Bank - Offices- Chapel Hill Main & ATM Location  
First Citizens Bank - Offices- Downtown & ATM Location  
First Citizens Bank - Offices- Lowes Foods Chatham Crossing & ATM Loca  
Harrington Bank  

SBA Lenders for Chapel Hill Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
12
Branch Bank & Trust
Wallace, NC
1
Branch Bank & Trust
Winston Salem, NC
5
Capital Bank
Burlington, NC
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Houston, TX
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Community W. Bank
Goleta, CA
2
Crescent State Bank
Cary, NC
1
First-citizens Bank & Trust
Raleigh, NC
2
Innovative Bank
Oakland, CA
2
Rbc Centura Bank
Raleigh, NC
1
Self-help Cu
Durham, NC
4
Suntrust Bank
Durham, NC
1
Suntrust Bank
Richmond, VA
1
Superior Financial Group, LLC
Walnut Creek, CA
2
The Fidelity Bank
Raleigh, NC
1
The Huntington National Bank
Columbus, OH
2
Wachovia Bank
Charlotte, NC
6
Wachovia SBA Lending, Inc.
Roseville, CA
7

Chapel Hill Business Loan Advice

As a prerequisite to contacting banks 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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, 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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

Gaebler.com is a site that is passionate about providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read 504 Loans.

Business Loan Sources for Other Cities in North Carolina
Get a Business Loan in Cary
Get a Business Loan in Charlotte

Browse All Business Loan Sources for North Carolina