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March 28, 2024  
 
 
  Business Loan Information  
 

Clemmons, North Carolina Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Clemmons, North Carolina small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Clemmons Banks

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

Small Business Bank Recent SBA Loans
Barson Financial Services  
BB & T - ATM Location- Branches- Clemmons  
First Union  
LSB the Bank  
Newbridge Bank 1
The Fidelity Bank 1

SBA Lenders for Clemmons Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Branch Bank & Trust
Winston Salem, NC
2
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
4
Community W. Bank
Goleta, CA
1
First-citizens Bank & Trust
Raleigh, NC
2
Innovative Bank
Oakland, CA
3
Ncb, FSB
Hillsboro, OH
1
Suntrust Bank
Wilmington, NC
1
Surrey Bank & Trust
Mount Airy, NC
2
Wachovia Bank
Winston Salem, NC
2
Wachovia SBA Lending, Inc.
Roseville, CA
2

Clemmons Bank Loan Tips

Before reaching out to banks for a loan, you will need to have a specific plan.

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 how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the loan 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 guarantee 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 secure the business with your personal assets, such as the equity in your home. 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 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

Business Loan Sources for Other Cities in North Carolina
Get a Business Loan in Clayton
Get a Business Loan in Clinton

Browse All Business Loan Sources for North Carolina