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

Small Business Lenders in Rutherfordton, North Carolina

 
Loan Census SBA Loan Info

Getting a business loan in Rutherfordton, North Carolina seems challenging at first, but we're here to help you get started.

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

Local Rutherfordton Banks

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

Small Business Bank Recent SBA Loans
BB & T - Branches- Rutherfordton-Main  
BB & T - Branches- Spindale  
BB & T - Old Charlotte Road  
Carolina First  
First Charter - Brokerage Services- Rutherfordton Location  

Banks that Lend to Rutherfordton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Business Loan Center, LLC
New York, NY
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Innovative Bank
Oakland, CA
8
Self-help Cu
Durham, NC
2
Superior Financial Group, LLC
Walnut Creek, CA
2

Business Loan Advice for Rutherfordton Businesses

As a prerequisite to contacting banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 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 you sit down to talk with a small business 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 Only Idiots Send Venture Capitalists Business Plans.

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