Loan Census Banking News and Information
October 17, 2019  
 
 
  Business Loan Information  
 

Small Business Lenders in Statesboro, Georgia

 
Loan Census SBA Loan Info

I need a loan for my business in Statesboro, Georgia! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Statesboro, Georgia, we've assembled a list of local small business banks that you should contact.

Local Statesboro Business Loan Sources

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

Small Business Bank Recent SBA Loans
Agsouth Farm Credit ACA  
Agsouth Farm Credit, Aca 2
Atm USA LLC  
Bankers Life & Casualty  
BB & T  
Farmers & Merchants Bank 3
First National Bank & Trust CO  
First National Bank & Trust Small Busnss Lndng UNT  
First Southern National Bank  
Queensborough National Bank & Trust 45
Sea Island Bank 9
The Park Avenue Bank 3

Lenders for Statesboro Businesses

This is a list of banks outside of Statesboro, Georgia that have provided SBA loans to Statesboro 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
Winston Salem, NC
2
Business Loan Center, LLC
Panama City Beach, FL
4
Capital One
Mclean, VA
2
Durden Banking Co., Inc.
Twin City, GA
1
First Charter Bank
Alpharetta, GA
1
First National Bank - Coffee Cnty
Douglas, GA
1
Pineland State Bank
Metter, GA
1
Small Business Loan Source LLC
Houston, TX
1
Spivey State Bank
Swainsboro, GA
1
The Bank Of Soperton
Soperton, GA
1
The Coastal Bank
Savannah, GA
1
The Tattnall Bank
Reidsville, GA
1

Business Loan Advice for Statesboro Businesses

Before reaching out to lenders to discuss getting 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 how you plan to pay the loan back to the lender.

Having a business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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, 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 are SBA lenders. Prior to visiting local banks, 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

Make it a priority to learn as much as you can about Raising Money. To get started, we suggest you read Business Incubators.

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