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March 29, 2024  
 
 
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Business Loan Scottdale, Georgia

 
Loan Census SBA Loan Info

Looking for a Scottdale, 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.

These materials were prepared for small business owners in Scottdale, Georgia who are interested in getting debt financing.

Lenders for Scottdale Businesses

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

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
2
Loans From Old Closed Lenders
Washington, DC
1

Tips for Getting a Business Loan in Scottdale

Prior to meeting with 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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with 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 are SBA lenders. 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is devoted to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read How to Raise Money.

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