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March 28, 2024  
 
 
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Business Loan Colquitt, Georgia

 
Loan Census SBA Loan Info

Looking for a Colquitt, Georgia 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.

This article is written specifically for small business owners in Colquitt, Georgia who are interested in getting a small business loan.

Local Colquitt Business Lenders

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

Small Business Bank Recent SBA Loans
First State Bank of Colquitt  
Merchants & Farmers Bank  
Peoples Community Bank - Bookkeeping Dept- Office  
Peoplesouth Bank 1

Business Loan Providers for Colquitt Businesses

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

Small Business Bank Recent SBA Loans
Peoplesouth Bank
Columbia, AL
2

Tips for Getting a Business Loan in Colquitt

Before contacting 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, describe what the money will finance, and show how you intend to 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 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 guarantee 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 to guarantee the loan 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 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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Only Idiots Send Venture Capitalists Business Plans.

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