Loan Census Banking News and Information
April 19, 2024  
 
 
  Business Loan Information  
 

Vernon, Florida Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Vernon, Florida? If so, you'll want to talk to some of these small business lenders in Vernon.

If you are looking for a small business loan and your business is based in Vernon, Florida, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Vernon Businesses

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

Small Business Bank Recent SBA Loans
Regions Bank
Birmingham, AL
1
Suntrust Bank
Pensacola, FL
1

Vernon Bank Loan Tips

Prior to reaching out to banks for a 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

A well-defined business plan is an important prerequisite. 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, the bank may ask you to 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 the banks in our list are SBA lenders. 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

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Attracting Investors.

More Business Lender Lists for Florida Cities
Get a Business Loan in Venice
Get a Business Loan in Vero Beach

Browse All Business Loan Sources for Florida