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

Palm City, Florida Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Palm City, Florida seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Palm City, Florida, we've put together a list of local small business banks that you should contact.

Local Palm City Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bankatlantic  

Business Loan Providers for Palm City Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
12
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
2
Community So. Bank D.b.a Commun
Parsons, TN
1
Community W. Bank
Goleta, CA
1
First Peoples Bank
Port Saint Lucie, FL
10
First Peoples Bank
Stuart, FL
1
Gulfstream Business Bank
Stuart, FL
1
National City Bank
Cleveland, OH
1
Regions Bank
Birmingham, AL
1
Riverside National Bank - Florida
Fort Pierce, FL
1
Temecula Valley Bank
Temecula, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
3

Palm City Bank Loan Tips

Before contacting banks to get 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

Having a business plan is essential. If the bank loan 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge your personal assets, such as the equity in your home. 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 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 new to our Gaebler.com site, you should know that we are devoted to helping entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

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