Loan Census Banking News and Information
June 2, 2020  
  Business Loan Information  

Cochran, Georgia Business Loan

Loan Census SBA Loan Info

Raising money in Cochran, Georgia? If so, you'll want to talk to some of these small business lenders in Cochran.

These materials were prepared for entrepreneurs in Cochran, Georgia who are interested in getting a small business loan.

Local Cochran Lending Resources

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

Small Business Bank Recent SBA Loans
Cochran Bank & Trust  
State Bank Of Cochran 2
The Citizens Bank Of Cochran 2

Banks that Lend to Cochran Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Business Loan Center, LLC
Panama City Beach, FL
Cit Small Business Lending Corp
Livingston, NJ

Cochran Business Loan Advice

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

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

A well-defined business plan is is critically important. If the financing is to for a company that is already doing business, 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 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 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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. For starters, we recommend you read Business Line of Credit.

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