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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Ocilla, Georgia

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Ocilla, Georgia who are interested in getting debt financing.

Local Ocilla Banks

Without further adieu, here's our list of small business banks in Ocilla.

Small Business Bank Recent SBA Loans
Aggeorgia Farm Credit ACA  
Citizens Security Bank  
First State Bank  
Plantersfirst 1

Other Lending Resources for Ocilla Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Colony Bank Of Fitzgerald
Fitzgerald, GA
1
Community Bank Co - Fitzgerald
Fitzgerald, GA
1
First National Bank - Coffee Cnty
Douglas, GA
1
Rbc Centura Bank
Atlanta, GA
1

Tips for Getting a Business Loan in Ocilla

Prior to meeting with 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 is critically important. If the capital is to for an existing business, 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 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the 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 educate yourself. If you haven't read it already, we recommend you review Bank Credit Lines.

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