If you are looking for a small business loan and your business is based in Glennville, Georgia, we've assembled a list of local small business banks that you should contact.
Local Glennville Lenders
Without further adieu, here's our list of small business banks in Glennville.
|Small Business Bank
||Recent SBA Loans
|Federated ATM Services
|First Citizens Bank
|Glennville Bank - Main OFC
|Glennville Bank & Trust CO
|South Georgia Bank
Other Lending Resources for Glennville Businesses
This is a list of banks outside of Glennville, Georgia that have provided SBA loans to Glennville businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Glennville Businesses
Prior to reaching out to banks to get a bank 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, define how the money will be used, and show your ability to pay the money back to the bank.
Being able to present a well-written business plan is is critically important. If the capital 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 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 you sit down to talk with a small business banker, you may want to get up to speed 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 planning on Raising
Money, you need to get up to speed on the subject. If you haven't read it
already, we recommend you review
How Much Venture Capital Is There?.
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