Loan Census Banking News and Information
May 22, 2024  
 
 
  Business Loan Information  
 

Barnesville, Georgia Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Barnesville, Georgia, we've assembled a list of local small business banks that you should contact.

Local Barnesville Business Loan Sources

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

Small Business Bank Recent SBA Loans
1st National Bank - Barnesville 4
First National Bank  

SBA Lenders for Barnesville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
1
High Trust Bank
Stockbridge, GA
1
Innovative Bank
Oakland, CA
1
Quantum National Bank
Suwanee, GA
1
United Community Bank
Blairsville, GA
1

Barnesville Bank Loan Tips

As a prerequisite to reaching out to banks to get 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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. 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, you will likely be asked 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 these banks are SBA lenders. 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

Our Gaebler.com site is deeply committed to helping small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Bank Credit Lines.

Business Loan Sources for Other Cities in Georgia
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