Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Carthage, Mississippi Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Carthage, Mississippi, we've assembled a list of local small business banks that you should contact.

Local Carthage Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Carthage.

Small Business Bank Recent SBA Loans
Citizens Bank of Philadelphia - Sebastopol Office  
Citizens National Bank  
First Financial Bank 607
Heritage Banking Group 6
The Citizens Bank  

Lenders for Carthage Businesses

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

Small Business Bank Recent SBA Loans
Amsouth Bank, A Division Of
New Hebron, MS
1
Business Loan Center, LLC
Panama City Beach, FL
1
Community Bank Of Mississippi
Forest, MS
1
First Financial Bank
El Dorado, AR
2

Carthage Bank Loan Tips

As a prerequisite to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the capital 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 pledge your personal assets, such as the equity in your home. 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 are SBA lenders. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Mississippi
Get a Business Loan in Canton
Get a Business Loan in Clarksdale

Browse All Business Loan Sources for Mississippi