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

Cleveland, Georgia Small Business Loans

Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Cleveland, Georgia, we've put together a list of local small business banks that you should contact.

Local Cleveland Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Cleveland.

Small Business Bank Recent SBA Loans
Community Bank & Trust  
Habersham Bank - Cleveland OFC  
Hallco Community Federal Credit Union  
Mountain Valley Community Bank  
United Community Bank 3

SBA Lenders for Cleveland Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Branch Bank & Trust
Winston Salem, NC
Capital One
Mclean, VA
Community Bank & Trust
Cornelia, GA
First Charter Bank
Lawrenceville, GA
Gainesville Bank & Trust
Gainesville, GA
Rbc Centura Bank
Atlanta, GA
Regions Bank
Atlanta, GA

Cleveland Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show your ability 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 an existing business, 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 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 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 get up to speed 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Find Start-Up Capital.

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