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

Blackshear, Georgia Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Blackshear, Georgia! If that's what's on your mind, you've come to the right place.

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

Local Blackshear Business Loan Sources

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

Small Business Bank Recent SBA Loans
Peoples Bank 1
Primesouth Bank 3

Lenders for Blackshear Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Business Loan Center, LLC
Panama City Beach, FL
1
Satilla Community Bank
Saint Marys, GA
1
Southeastern Bank
Darien, GA
1

Blackshear Bank Loan Tips

Prior to meeting with banks for a 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 how you plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the loan is to for an existing 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, 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 get up to speed on the subject. If you haven't read it already, we recommend you review Attracting Investors.

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