Loan Census Banking News and Information
April 6, 2020  
 
 
  Business Loan Information  
 

Panama City Beach, Florida Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Panama City Beach, Florida 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 Panama City Beach, Florida, we've assembled a list of local small business banks that you should contact.

Local Panama City Beach Lending Resources

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

Small Business Bank Recent SBA Loans
Bank of America Mortgage  
Banktrust  
Bay Bank & Trust CO - Beach Y Branch- Direct Line  
Business Loan Center, LLC 3,462
Coastal Community Bank  
Trustmark National Bank 1

Business Loan Providers for Panama City Beach Businesses

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

Small Business Bank Recent SBA Loans
Bay Bank & Trust Co.
Panama City, FL
1
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
2
Commerce Bank
Philadelphia, PA
1
Community W. Bank
Goleta, CA
1
Innovative Bank
Oakland, CA
1
Peoples First Community Bank
Panama City, FL
1
Regions Bank
Birmingham, AL
1
Superior Bank
Bristol, FL
2
Trustmark National Bank
Panama City, FL
1
Wells Fargo Bank
San Jose, CA
1

Panama City Beach Bank Loan Tips

As a prerequisite to contacting lenders to get a bank 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, describe what the money will finance, and show your ability to pay the loan back to the lender.

Having a business plan is essential. 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge your personal assets, such as your individual retirement account or pension plan. 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 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.

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