Loan Census Banking News and Information
April 20, 2024  
 
 
  Business Loan Information  
 

Business Loan Damascus, Virginia

 
Loan Census SBA Loan Info

Getting a business loan in Damascus, Virginia seems challenging at first, but we're here to help you get started.

These materials were prepared for entrepreneurs in Damascus, Virginia who are interested in getting a small business loan.

Local Damascus Banks

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

Small Business Bank Recent SBA Loans
Bank of Damascus  
BB & T - ATM Location- Virginia Area Branches- Branches- Damascus  
BB & T - West End Drive-Thru- Tennessee Branches- Virginia Area Branches- Damascus-West  
First Vantage Bank Tri-Cities Damascus OFC  

Lenders for Damascus Businesses

Be sure to speak with bankers outside of Damascus, Virginia. These banks, in the table below, have lent to other Damascus small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Citizens Bank
Elizabethton, TN
1

Tips for Getting a Business Loan in Damascus

Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan can be difficult.

It's always a good idea to talk to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best small business financing available.

Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is dedicated to assisting small business owners, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read SBIR Funding.

Business Loan Sources for Other Cities in Virginia
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