Loan Census Banking News and Information
April 24, 2024  
 
 
  Business Loan Information  
 

Business Loan Sunrise, Florida

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Sunrise, Florida who are interested in getting a bank loan.

Local Sunrise Business Loan Sources

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

Small Business Bank Recent SBA Loans
Amtrust Bank - Mortgage  
Bank Of America  
Bankatlantic - ATM Cirrus Plus Honor- West Oakland Park Blvd Office  
Bankunited Fsb  
CNC ATM  
Colonial Bank  

Business Loan Providers for Sunrise Businesses

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

Small Business Bank Recent SBA Loans
1st United Bank
Boca Raton, FL
2
Banco Popular North America
New York City, NY
5
Bank Of America
Charlotte, NC
48
Bank Of America
Providence, RI
1
Bankunited, FSB
Coral Gables, FL
1
Branch Bank & Trust
Atlanta, GA
1
Branch Bank & Trust
Winston Salem, NC
2
Business Loan Center, LLC
New York, NY
2
Business Loan Center, LLC
Panama City Beach, FL
2
Business Loan Center, LLC
Richmond, VA
1
California Bank & Trust
Sacramento, CA
5
Capital One
Mclean, VA
9
Capital One Bank (usa)
Glen Allen, VA
2
Cit Small Business Lending Corp
Livingston, NJ
6
Citibank
Las Vegas, NV
2
Citibank
San Francisco, CA
1
Comerica Bank
Dallas, TX
3
Commerce Bank/north
Ramsey, NJ
1
Commun Bank - E. Tennessee
Knoxville, TN
1
Community So. Bank D.b.a Commun
Parsons, TN
3
First American Bank
Carpentersville, IL
2
First National Bank N.w. Florida
Panama City, FL
1
First Peoples Bank
Port Saint Lucie, FL
2
Hsbc Bank Usa
Syracuse, NY
1
Irwin Franchise Cap. Corp
Montvale, NJ
1
National City Bank
Cleveland, OH
1
Ocean Bank
Miami, FL
1
Pnc Bank, National Association
Pittsburgh, PA
1
Regions Bank
Memphis, TN
11
Republic Federal Bank
Miami, FL
1
Small Business Loan Source LLC
Houston, TX
1
Stearns Bank
Saint Cloud, MN
1
Suntrust Bank
Hollywood, FL
1
Suntrust Bank
Richmond, VA
1
Temecula Valley Bank
Temecula, CA
2
Ups Capital Business Credit
Windsor, CT
1
Wachovia Bank
Birmingham, AL
1
Wachovia Bank
Charlotte, NC
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
3

Tips for Getting a Business Loan in Sunrise

Prior to meeting with lenders for a 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, describe what the money will finance, and show your ability to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework 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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