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March 28, 2024  
 
 
  Business Loan Information  
 

Awendaw, South Carolina Small Business Loans

 
Loan Census SBA Loan Info

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

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

Lenders for Awendaw Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1

Awendaw Bank Loan Tips

As a prerequisite to 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money is to for a going concern, 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 to guarantee the loan 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 the banks in our list 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 the ball rolling, we suggest you read Choosing VC Firms.

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