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

Small Business Lenders in Helena, Alabama

Loan Census SBA Loan Info

Looking for a Helena, Alabama small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are planning on applying for a small business loan and your business is based in Helena, Alabama, we've put together a list of local small business banks that you should contact.

Local Helena Lenders

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

Small Business Bank Recent SBA Loans
The Peoples Bank & Trust Company  

Business Loan Providers for Helena Businesses

This is a list of banks outside of Helena, Alabama that have provided SBA loans to Helena 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
Capital One
Mclean, VA
Central State Bank
Calera, AL
Community So. Bank D.b.a Commun
Parsons, TN
Compass Bank
Birmingham, AL
Innovative Bank
Oakland, CA
Regions Bank
Atlanta, GA
Superior Financial Group, LLC
Walnut Creek, CA
Wachovia SBA Lending, Inc.
Roseville, CA

Business Loan Advice for Helena Businesses

Prior to reaching out to banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the loan is to for a going concern, 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, you will likely be asked to pledge your personal assets, such as the equity in your home. 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 meeting with the banker, you may want to do your homework 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. Advice on Raising Money

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read How Equity Dilution Works.

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