Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Mccomb, Mississippi Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Mccomb, Mississippi, we've put together a list of local small business banks that you should contact.

Local Mccomb Lending Resources

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

Small Business Bank Recent SBA Loans
First Bank  
PBI Mortgages  
Pike County National Bank  
Pike National Bank 11
Regions Bank  
State Bank & Trust CO  
Trustmark  
Union Planters Bank Account Infation & Cstmr Srvce  
Wells Fargo Home Mortgage  

Business Loan Providers for Mccomb Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
2
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
2
Dryades Savings Bank, F.s.b.
New Orleans, LA
1
Excel National Bank
Beverly Hills, CA
1
First Financial Bank
Carthage, MS
1
Innovative Bank
Oakland, CA
3
State Bank & Trust Company
Greenwood, MS
2
Trustmark National Bank
Brandon, MS
1
Trustmark National Bank
Jackson, MS
15

Mccomb Bank Loan Tips

Prior to reaching out to lenders to discuss getting a bank loan, you will need to have a specific plan.

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.

A well-defined 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. 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, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. 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 read up on 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 educate yourself. If you haven't read it already, we recommend you review SBIR Funding.

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