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March 29, 2024  
 
 
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Business Loan Lexington, South Carolina

 
Loan Census SBA Loan Info

Raising money in Lexington, South Carolina? If so, you'll want to talk to some of these small business lenders in Lexington.

This article is written specifically for small business proprietors in Lexington, South Carolina who are interested in getting a bank loan.

Local Lexington Banks

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

Small Business Bank Recent SBA Loans
All South Federal Credit Union  
Bank of America  
Carolina First - Branch Offices- Lexington  
Carolina First Bank  
D S C Corporation  
First Community Bank  
First Palmetto Savings Bank  
First Reliance Bank  
National Bank of South Carolina NBSC - Main Office- ATM Location  
Palmetto Citizens Federal Credit Union  
Regions Bank - Banking Center Locations- Lexington Office  
Regions Bank - Banking Center Locations- West Columbia Bi-Lo Office  
Security Federal Investments Inc  
SOSC Inc  
Southtrust Bank - Departments- Commercial Loans  
Southtrust Bank - Departments- Marketing  
Southtrust Bank - Departments- Mortgage Loans  
Southtrust Bank - Departments- Personnel  
Southtrust Bank - Offices- Lexington- Telecomunications Device- Office Lexington ATM Loca  
Southtrust Mortgage  
Wachovia - Financial Centers- Lexington Office  

Business Loan Providers for Lexington Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
18
Borrego Springs Bank
La Mesa, CA
2
Branch Bank & Trust
Winston Salem, NC
1
Business Carolina, Inc.
Columbia, SC
4
Business Devel Corp - So. Caro
Columbia, SC
19
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
7
Cit Small Business Lending Corp
Livingston, NJ
4
Comerica Bank
Austin, TX
1
Comerica Bank
Dallas, TX
1
Community So. Bank D.b.a Commun
Parsons, TN
1
First Bank
Troy, NC
1
First Cit. Bank & Trust Inc
Columbia, SC
2
First South Bank
Columbia, SC
1
Innovative Bank
Oakland, CA
4
Suntrust Bank
Atlanta, GA
2
Superior Financial Group, LLC
Walnut Creek, CA
3
Temecula Valley Bank
Temecula, CA
2
Ups Capital Business Credit
Windsor, CT
1
Wachovia Bank
Charlotte, NC
1
Wachovia Bank
Winston Salem, NC
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Tips for Getting a Business Loan in Lexington

Prior 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the lender.

Having a business plan is essential. 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 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 these banks are SBA lenders. Before meeting with the banker, 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 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 Business Credit Evaluation.

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