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.
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.
Gaebler.com Advice on Raising Money
If you are new to our Gaebler.com 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.
More Business Lender Lists for Georgia Cities
Get a Business Loan in Georgetown
Get a Business Loan in Griffin
Browse All Business Loan Sources for Georgia