Loan Census Banking News and Information
September 27, 2020  
  Business Loan Information  

Gibson, Georgia Business Loan

Loan Census SBA Loan Info

Small business loans in Gibson, Georgia are available. You just need to talk to the right bank.

This article is written specifically for small business owners in Gibson, Georgia who are interested in getting debt financing.

Local Gibson Business Lenders

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

Small Business Bank Recent SBA Loans
Firstcity Bank of Gibson  

Banks that Lend to Gibson Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Capital One
Mclean, VA

Gibson Business Loan Advice

Before contacting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 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. Advice on Raising Money

If you are new to our site, you should know that we are passionate about assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Getting a Small Business Loan.

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