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

Estill, South Carolina Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Estill, South Carolina 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 Estill, South Carolina, we've put together a list of local small business banks that you should contact.

Local Estill Business Lenders

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

Small Business Bank Recent SBA Loans
Exchange Bank  

Banks that Lend to Estill Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
Richmond, VA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1

Estill Bank Loan Tips

Prior to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the bank.

Having a business plan is an important prerequisite. If the financing is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read SBIR Funding.

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