Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Gray, Georgia Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Gray, Georgia! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Gray, Georgia, we've put together a list of local small business banks that you should contact.

Local Gray Business Loan Sources

Without further adieu, here's our list of small business banks in Gray.

Small Business Bank Recent SBA Loans
Bank - Eastman D/b/a Magnolia 1
Exchange Bank of Jones County  
Piedmont Community Bank  

Other Lending Resources for Gray Businesses

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

Small Business Bank Recent SBA Loans
Borrego Springs Bank
Borrego Springs, CA
1
Innovative Bank
Oakland, CA
1

Gray Bank Loan Tips

As a prerequisite to meeting with banks for a 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 your ability to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the loan 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Realistic Debt Financing Options.

More Business Loan Info for Georgia
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