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

Dyersburg, Tennessee Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Dyersburg, Tennessee seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Dyersburg, Tennessee, we've assembled a list of local small business banks that you should contact.

Local Dyersburg Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Dyersburg.

Small Business Bank Recent SBA Loans
First Citizens National Bank  
First State Bank 1
First Tennessee - Customer Service  
First Tennessee - Main Office  
First-citizens National Bank 5
Gauldin John III  
Security Bank 2

Other Lending Resources for Dyersburg Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Capital One
Mclean, VA
1
First South Bank
Jackson, TN
1
Greenbank
Franklin, TN
1
Innovative Bank
Oakland, CA
1
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
Regions Bank
Memphis, TN
1
Security Bank
Newbern, TN
1
Stillwater National Bank & Trust
Stillwater, OK
1
Superior Financial Group, LLC
Walnut Creek, CA
7

Dyersburg Bank Loan Tips

Before meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Having a business plan is is critically important. If the loan is to for a going concern, 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 stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. 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

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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