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

Wewahitchka, Florida Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Wewahitchka, Florida 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 Wewahitchka, Florida, we've put together a list of local small business banks that you should contact.

Banks that Lend to Wewahitchka Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1

Wewahitchka Bank Loan Tips

As a prerequisite to contacting banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, 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 loan 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 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 your individual retirement account or pension plan. 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 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Attracting Investors.

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