Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Abbeville, Alabama

 
Loan Census SBA Loan Info

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

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

Local Abbeville Lenders

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

Small Business Bank Recent SBA Loans
Ameris Bank 1
Peoples Community Bank  
Peoplesouth Bank 4
Southland Bank  
Southtrust Bank - Offices- Abbeville  

Business Loan Providers for Abbeville Businesses

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

Small Business Bank Recent SBA Loans
Ameris Bank
Dothan, AL
2
Compass Bank
Birmingham, AL
1

Business Loan Advice for Abbeville Businesses

Prior to meeting with lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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.

A well-defined business plan is an important prerequisite. If the capital is to for an existing 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Business Line of Credit.

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