Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Thomasville, North Carolina

 
Loan Census SBA Loan Info

Small business loans in Thomasville, North Carolina are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Thomasville, North Carolina, we've put together a list of local small business banks that you should contact.

Local Thomasville Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank Of North Carolina 3
BB & T - Branches- Main  
BB & T - Branches- Unity  
Fidelity Bank  
First 1 Bank  
LSB  
Nationsbank  

Business Loan Providers for Thomasville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
9
Branch Bank & Trust
Winston Salem, NC
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
5
First Bank
Troy, NC
1
Innovative Bank
Oakland, CA
2
Newbridge Bank
Greensboro, NC
1
Wachovia Bank
Birmingham, AL
1

Business Loan Advice for Thomasville Businesses

Before meeting with banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, 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, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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