Loan Census Banking News and Information
December 6, 2021  
 
 
  Business Loan Information  
 

Business Loan Alachua, Florida

 
Loan Census SBA Loan Info

Small business loans in Alachua, Florida are available. You just need to talk to the right bank.

These materials were prepared for small business owners in Alachua, Florida who are interested in getting debt financing.

Local Alachua Lending Resources

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

Small Business Bank Recent SBA Loans
Capital City Bank 1
Farm Cr. - No. Florida Aca 1

Other Lending Resources for Alachua Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
Merchants & Southern Bank
Gainesville, FL
1
Suntrust Bank
Richmond, VA
1
Wachovia Bank
Charlotte, NC
1

Tips for Getting a Business Loan in Alachua

Prior 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 a company that is already doing 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, 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 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Realistic Debt Financing Options.

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