Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Chapel Hill, Tennessee

 
Loan Census SBA Loan Info

I need a loan for my business in Chapel Hill, Tennessee! 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 Chapel Hill, Tennessee, we've assembled a list of local small business banks that you should contact.

Local Chapel Hill Banks

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

Small Business Bank Recent SBA Loans
First Farmers & Merchants Bank  
First Farmers & Merchants National Bank  
First State Bank  

Other Lending Resources for Chapel Hill Businesses

This is a list of banks outside of Chapel Hill, Tennessee 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
1
U.S. Bank National Association
Cincinnati, OH
3

Business Loan Advice for Chapel Hill Businesses

Before reaching out to lenders to get a bank loan, you will need to develop the specifics of your loan request.

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

Having a business plan is essential. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. 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 new to our Gaebler.com site, you should know that we are devoted to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is 504 Loans.

Business Loan Sources for Other Cities in Tennessee
Get a Business Loan in Brownsville
Get a Business Loan in Chattanooga

Browse All Business Loan Sources for Tennessee