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

Arley, Alabama Small Business Loans

 
Loan Census SBA Loan Info

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

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

Lenders for Arley Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1

Arley Bank Loan Tips

Prior to meeting with 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 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 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 educate yourself. If you haven't read it already, we recommend you review Realistic Debt Financing Options.

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