Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Salem, West Virginia

 
Loan Census SBA Loan Info

Small business loans in Salem, West Virginia are available. You just need to talk to the right bank.

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

Local Salem Lenders

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

Small Business Bank Recent SBA Loans
BB & T  
First National Bank  
West Union Bank  

SBA Lenders for Salem Businesses

Be sure to speak with bankers outside of Salem, West Virginia. These banks, in the table below, have lent to other Salem small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Clarksburg, WV
1
Capital One
Mclean, VA
1
Freedom Bank, Inc.
Bridgeport, WV
1
Innovative Bank
Oakland, CA
3

Business Loan Advice for Salem Businesses

Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan can be difficult.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best possible small business loan.

Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Choosing VC Firms.

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