Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Culpeper, Virginia

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Culpeper, Virginia who are interested in getting a bank loan.

Local Culpeper Banks

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

Small Business Bank Recent SBA Loans
BB&T  
Jefferson National Bank  

Business Loan Providers for Culpeper Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
1
Branch Bank & Trust
Winston Salem, NC
4
Capital One
Mclean, VA
3
Comerica Bank
Dallas, TX
1
Eaglebank
Bethesda, MD
1
Innovative Bank
Oakland, CA
1
Nara Bank
Los Angeles, CA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Provident Bank Of Maryland
Warrenton, VA
1
Second Bank & Trust
Fredericksburg, VA
1
Suntrust Bank
Richmond, VA
2
The Fauquier Bank
Warrenton, VA
2
Wachovia Bank
Winston Salem, NC
1
Wilshire State Bank
Los Angeles, CA
2

Tips for Getting a Business Loan in Culpeper

Before meeting with banks to get 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 the equity in your home. 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. Prior to visiting local banks, 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 Realistic Debt Financing Options.

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