Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Gadsden, Alabama Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Gadsden, Alabama who are interested in getting a bank loan.

Local Gadsden Banks

To help you learn more about local small business lenders, here's our list of small business banks in Gadsden.

Small Business Bank Recent SBA Loans
Amsouth Bank - Branches- Clubview  
Amsouth Bank - Branches- Eastside  
Amsouth Bank - Branches- Gadsden Main  
Colonial Bank - Banking Offices- Gadsden  
Colonial Bank - Banking Offices- Hokes Bluff  
Colonial Bank - Banking Offices- Southside  
Compass Bank  
First Federal Savings & Loan  
Regions Bank - Glencoe Office  
Regions Bank - Main Office  
Southern Bank Company  
Southtrust Bank - Offices- Alabama City Office  
Southtrust Bank - Offices- Attalla Office  
Southtrust Bank - Offices- East Gadsden Office  
Southtrust Bank - Offices- Gadsden Main Office  
Superior Bank 4
The Bank of Gadsden  
The Bank of Rainbow City  
The Exchange Bank Of Alabama 4
Wachovia Bank 2

Banks that Lend to Gadsden Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Bank
Elizabethton, TN
1
Community W. Bank
Goleta, CA
1
Compass Bank
Birmingham, AL
2
Crescent Bank & Trust
Jasper, GA
1
Innovative Bank
Oakland, CA
3
North Jackson Bank
Stevenson, AL
1
Regions Bank
Birmingham, AL
2
The Exchange Bank Of Alabama
Altoona, AL
4
Wachovia Bank
Atlanta, GA
1
Wachovia Bank
Rainbow City, AL
1

Gadsden Business Loan Advice

As a prerequisite to meeting with lenders to discuss getting 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 intend to to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 are SBA lenders. Before you sit down to talk with a small business banker, 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

If you are new to our Gaebler.com site, you should know that we are all about supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Only Idiots Send Venture Capitalists Business Plans.

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