This article is written specifically for small business proprietors in Dawson, Georgia who are interested in getting a small business loan.
Local Dawson Lenders
Without further adieu, here's our list of small business banks in Dawson.
|Small Business Bank
||Recent SBA Loans
|Bank of Dawson - Main Lobby
|Bank Of Terrell
|Georgia Bank of Dawson
SBA Lenders for Dawson Businesses
This is a list of banks outside of Dawson, Georgia that have provided SBA loans to Dawson businesses. Some of these may be national banks with local branch locations.
Dawson Business Loan Advice
Before contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.
You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.
Having a business plan is essential. If the capital 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 you cannot repay the loan.
If the business has few assets, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. Before meeting with the banker, 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 serious about Raising
Money, you need to get up to speed on the subject. If you haven't read it
already, we recommend you review
Getting a Small Business Loan.
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