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

Homerville, Georgia Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Homerville, Georgia are available. You just need to talk to the right bank.

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

Local Homerville Lenders

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

Small Business Bank Recent SBA Loans
Clinch Banking Company  
Peoples Bank  

Other Lending Resources for Homerville Businesses

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

Small Business Bank Recent SBA Loans
Alma Exchange Bank & Trust
Alma, GA
1
Farmers & Merchants Bank
Lakeland, GA
1

Homerville Bank Loan Tips

As a prerequisite to reaching out to lenders for a 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.

A well-defined business plan is an important prerequisite. If the capital is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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

Make the effort and learn as much as you can about Raising Money. To get started, we suggest you read Investor Turnoffs.

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