Loan Census Banking News and Information
October 17, 2021  
 
 
  Business Loan Information  
 

Business Loan Calera, Alabama

 
Loan Census SBA Loan Info

Small business loans in Calera, Alabama are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Calera, Alabama who are interested in getting a small business loan.

Local Calera Banks

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

Small Business Bank Recent SBA Loans
Central State Bank 5
First United Security Bank - Calera Office  

Business Loan Providers for Calera Businesses

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

Small Business Bank Recent SBA Loans
Banktrust
Montevallo, AL
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
2
Regions Bank
Atlanta, GA
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Tips for Getting a Business Loan in Calera

As a prerequisite to contacting 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 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.

A well-defined business plan is an important prerequisite. If the capital is to for a company that is already doing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with 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 these banks 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

Our Gaebler.com site is devoted to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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