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

Business Loan Branford, Florida

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Branford, Florida who are interested in getting a small business loan.

Local Branford Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Branford.

Small Business Bank Recent SBA Loans
Capital City Bank  

Other Lending Resources for Branford Businesses

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

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

Tips for Getting a Business Loan in Branford

Before reaching out to banks for a loan, you will need to develop the specifics of your loan request.

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.

A well-defined business plan is an important prerequisite. If the financing is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 secure the business 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. Before you sit down to talk with a small business banker, you may want to do your homework 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 Only Idiots Send Venture Capitalists Business Plans.

Business Loan Sources for Other Cities in Florida
Get a Business Loan in Brandon
Get a Business Loan in Brooksville

Browse All Business Loan Sources for Florida