If you are hoping to get a small business loan and your business is based in Daleville, Alabama, we've assembled a list of local small business banks that you should contact.
Local Daleville Banks
Without further adieu, here's our list of small business banks in Daleville.
|Small Business Bank
||Recent SBA Loans
|Armed Forces Bank
|Community Bank & Trust - Office Daleville- ATM Location Saturday Ban
Banks that Lend to Daleville Businesses
This is a list of banks outside of Daleville, Alabama that have provided SBA loans to Daleville businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Daleville Businesses
Prior to contacting 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.
Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to secure the business 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 the banks in our list are SBA lenders. Before meeting with the banker, you may want to read up on 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. For starters, we recommend you read
Getting a Small Business Loan.
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