Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Tavares, Florida Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Tavares Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Colonial Bank - Banking Offices- Tavares  

Other Lending Resources for Tavares Businesses

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

Small Business Bank Recent SBA Loans
1st National Bank - Mt Dora
Mount Dora, FL
1
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
8
Bankfirst
Winter Park, FL
1
California Bank & Trust
Sacramento, CA
2
Innovative Bank
Oakland, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Tavares Bank Loan Tips

Prior 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 intend to to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business 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 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 passionate about aiding entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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