Loan Census Banking News and Information
May 31, 2020  
  Business Loan Information  

Small Business Lenders in Trenton, Georgia

Loan Census SBA Loan Info

Small business loans in Trenton, Georgia are available. You just need to talk to the right bank.

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

Local Trenton Banks

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

Small Business Bank Recent SBA Loans
Bank of Dade  
Citizen's Bank & Trust Inc  

SBA Lenders for Trenton Businesses

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

Small Business Bank Recent SBA Loans
American United Bank
Lawrenceville, GA
Business Loan Center, LLC
Panama City Beach, FL
Cohutta Banking Company
Chatsworth, GA
Farmers Bank Lynchburg Tennesse
Lynchburg, TN

Business Loan Advice for Trenton Businesses

Prior to reaching out to lenders for a 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 your ability to pay the loan back to the lender.

Having a business plan is essential. If the financing is to for an existing 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, the bank may ask you to to pledge 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 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. 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 504 Loans.

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