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October 17, 2019  
 
 
  Business Loan Information  
 

Business Loan Guyton, Georgia

 
Loan Census SBA Loan Info

Looking for a Guyton, Georgia small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

We wrote this article for small business proprietors in Guyton, Georgia who are interested in getting a small business loan.

Local Guyton Lending Resources

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

Small Business Bank Recent SBA Loans
Citizens Bank of Effingham  

SBA Lenders for Guyton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Capital One
Mclean, VA
1
Pineland State Bank
Metter, GA
1
Wachovia Bank
Charlotte, NC
1

Tips for Getting a Business Loan in Guyton

Before reaching out to lenders 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 explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 new to our Gaebler.com site, you should know that we are dedicated to aiding small business owners, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we recommend you read Getting a Small Business Loan.

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