Loan Census Banking News and Information
September 30, 2020  
  Business Loan Information  

Small Business Lenders in Taylorsville, Georgia

Loan Census SBA Loan Info

Looking for a Taylorsville, 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.

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

Other Lending Resources for Taylorsville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC

Business Loan Advice for Taylorsville Businesses

Prior to meeting with lenders for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the lender.

Having a business plan is an important prerequisite. If the capital is to for a going concern, 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, the bank may ask you to to secure the business with your personal assets, such as the equity in your home. 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. Advice on Raising Money is a site that is devoted to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Bank Credit Lines.

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