If you are planning on applying for a small business loan and your business is based in Darien, Georgia, we've assembled a list of local small business banks that you should contact.
Local Darien Banks
To help you learn more about local small business lenders, here's our list of small business banks in Darien.
SBA Lenders for Darien Businesses
This is a list of banks outside of Darien, Georgia that have provided SBA loans to Darien businesses. Some of these may be national banks with local branch locations.
Darien Bank Loan Tips
As a prerequisite to 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, describe what the money will finance, and show your ability to pay the loan back to the bank.
Having a business plan is an important prerequisite. If the bank loan is to for an existing 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 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 are SBA lenders. Prior to visiting local banks, you may want to do your homework 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 new to our Gaebler.com site, you should know that we are dedicated to aiding entrepreneurs, and we have a
lot of useful articles about to Raising
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