Small Business Lenders in Taylorsville, Mississippi

Local Taylorsville Lenders

Without further adieu, here's our list of small business banks in Taylorsville.

SBA Lenders for Taylorsville Businesses

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

Business Loan Advice for Taylorsville Businesses

Prior to reaching out to banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. 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 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, you will likely be asked to to guarantee the loan 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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 deeply committed to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Angel Investors.