Loan Census Banking News and Information
October 17, 2019  
 
 
  Business Loan Information  
 

Wrens, Georgia Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Wrens, Georgia! If that's what's on your mind, you've come to the right place.

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

Local Wrens Business Loan Sources

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

Small Business Bank Recent SBA Loans
First State Bank - Telebanc Service  
Firstate Bank  

Banks that Lend to Wrens Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank
Elizabethton, TN
1

Wrens Bank Loan Tips

As a prerequisite to meeting with lenders to discuss getting a bank loan, you will need to have a specific plan.

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 lender.

Being able to present a well-written business plan is an important prerequisite. If the money 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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. 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 get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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