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April 20, 2021  
 
 
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Business Loan Epes, Alabama

 
Loan Census SBA Loan Info

Raising money in Epes, Alabama? If so, you'll want to talk to some of these small business lenders in Epes.

This article is written specifically for entrepreneurs in Epes, Alabama who are interested in getting a small business loan.

Business Loan Providers for Epes Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1

Tips for Getting a Business Loan in Epes

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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

Our Gaebler.com site is deeply committed to aiding entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read 504 Loans.

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