Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Land O' Lakes, Florida

 
Loan Census SBA Loan Info

I need a loan for my business in Land O' Lakes, Florida! If that's what's on your mind, you've come to the right place.

If you are planning on applying for a small business loan and your business is based in Land O' Lakes, Florida, we've put together a list of local small business banks that you should contact.

Lenders for Land O' Lakes Businesses

This is a list of banks outside of Land O' Lakes, Florida that have provided SBA loans to Land O' Lakes businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
9
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
Sacramento, CA
1

Business Loan Advice for Land O' Lakes Businesses

As a prerequisite to contacting lenders for a 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 how you plan to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the capital 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Only Idiots Send Venture Capitalists Business Plans.

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