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

Small Business Lenders in Palmetto, Georgia

 
Loan Census SBA Loan Info

Looking for a Palmetto, Georgia small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Palmetto, Georgia, we've assembled a list of local small business banks that you should contact.

Local Palmetto Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Palmetto.

Small Business Bank Recent SBA Loans
ISL Funding Company  

Other Lending Resources for Palmetto Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Branch Bank & Trust
Covington, GA
1
Business Loan Center, LLC
Panama City Beach, FL
1
Colonial Bank
Dunwoody, GA
1
Darby Bank & Trust
Vidalia, GA
1
Innovative Bank
Oakland, CA
2
Rbc Centura Bank
Atlanta, GA
1
Temecula Valley Bank
Temecula, CA
1
United Commercial Bank
Atlanta, GA
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1

Business Loan Advice for Palmetto Businesses

Prior to reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

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.

Being able to present a well-written 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. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 you sit down to talk with a small business 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

Gaebler.com is a site that is passionate about helping entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Georgia
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