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

Annandale, Virginia Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Annandale, Virginia seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Annandale, Virginia, we've put together a list of local small business banks that you should contact.

Local Annandale Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Annandale.

Small Business Bank Recent SBA Loans
1st Service Bank  
1st Virginia Bank  
Bank Of America  
BB & T  
Central Fidelity Bank  
Citiunited Mortgage Financial Corporation  
Hanmi Bank  
James Monroe Bank  
Provident Bank Of Maryland 1

Lenders for Annandale Businesses

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

Small Business Bank Recent SBA Loans
Access National Bank
Reston, VA
1
Bank Of America
Charlotte, NC
23
Branch Bank & Trust
Winston Salem, NC
2
Business Loan Center, LLC
Richmond, VA
2
Capital One
Mclean, VA
5
Capital One Bank (usa)
Glen Allen, VA
1
Cardinal Bank
Mclean, VA
2
Center Bank
Los Angeles, CA
1
Chevy Chase Bank, F.s.b.
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
3
Hanmi Bank
Los Angeles, CA
2
Innovative Bank
Oakland, CA
5
Irwin Franchise Cap. Corp
Montvale, NJ
1
Manufacturers & Traders Trust
Buffalo, NY
5
Nara Bank
Los Angeles, CA
1
Pnc Bank, National Association
Baltimore, MD
2
Pnc Bank, National Association
Philadelphia, PA
10
Pnc Bank, National Association
Pittsburgh, PA
8
Pnc Bank, National Association
Vienna, VA
1
Provident Bank Of Maryland
Baltimore, MD
2
Provident Bank Of Maryland
Warrenton, VA
3
Suntrust Bank
Richmond, VA
1
Susquehanna Bank Dv
Bryn Mawr, PA
1
The Business Bank
Vienna, VA
4
United Central Bank
Garland, TX
1
Uniti Bank
Buena Park, CA
1
Wachovia Bank
Charlotte, NC
2
Wilshire State Bank
Los Angeles, CA
2
Woori America Bank
Fort Lee, NJ
1
Woori America Bank
New York City, NY
2

Annandale Bank Loan Tips

Before contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 intend to to pay the loan back to the bank.

Having a 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. Bankers will also want to know what collateral you have available to guarantee 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 stocks and bonds that you might own or life insurance policies. 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. Prior to visiting local banks, you may want to do your homework 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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