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

Small Business Lenders in Bolivia, North Carolina

 
Loan Census SBA Loan Info

I need a loan for my business in Bolivia, North Carolina! 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 Bolivia, North Carolina, we've assembled a list of local small business banks that you should contact.

Local Bolivia Business Loan Sources

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

Small Business Bank Recent SBA Loans
BB & T  

Other Lending Resources for Bolivia Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1
Superior Financial Group, LLC
Walnut Creek, CA
1

Business Loan Advice for Bolivia Businesses

Prior to meeting with banks to get 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan 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. 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read How Much Venture Capital Is There?.

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