Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Yorktown, Virginia Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Yorktown, Virginia who are interested in getting a small business loan.

Local Yorktown Banks

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

Small Business Bank Recent SBA Loans
Atm USA LLC  
Bank of America  
Jefferson National Bank  

Other Lending Resources for Yorktown Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Branch Bank & Trust
Winston Salem, NC
6
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Innovative Bank
Oakland, CA
6
Old Point National Bank - Phoebus
Hampton, VA
1
Pnc Bank, National Association
Pittsburgh, PA
4
Suntrust Bank
Richmond, VA
1
Townebank
Newport News, VA
2
Wachovia Bank
Charlotte, NC
2
Wachovia SBA Lending, Inc.
Roseville, CA
2
Wells Fargo Bank
San Jose, CA
1

Yorktown Business Loan Advice

Before contacting banks to discuss getting a bank 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, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. 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, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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 read up on 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 dedicated to helping entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Virginia
Get a Business Loan in Wytheville

Browse All Business Loan Sources for Virginia