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

Daleville, Virginia Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Daleville, Virginia, 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
Bank Of America  
Bank of Botetourt - Mortgage Center  
Bank of Fincastle - Full Service Branch Offices- Daleville Office  
Colonial Mortgage CO  

Business Loan Providers for Daleville Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Greater Bay Bank
Palo Alto, CA
1
Wachovia Bank
Winston Salem, NC
2

Daleville Bank Loan Tips

Before contacting lenders 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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money back to the lender.

Having a business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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, 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 check on your personal credit history 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 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Business Cash Advances.

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