If you are looking for a small business loan and your business is based in Waleska, Georgia, we've put together a list of local small business banks that you should contact.
Banks that Lend to Waleska Businesses
This is a list of banks outside of Waleska, Georgia that have provided SBA loans to Waleska businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Waleska Businesses
As a prerequisite to reaching out to 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.
Being able to present a well-written business plan is is critically important. If the loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before meeting with the banker, 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.
Gaebler.com Advice on Raising Money
Gaebler.com is a site that is all about aiding entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we recommend you read Bank Credit Lines.
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