Loan Census Banking News and Information
July 24, 2021  
 
 
  Business Loan Information  
 

Business Loan Huntsville, Alabama

 
Loan Census SBA Loan Info

Looking for a Huntsville, 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.

These materials were prepared for entrepreneurs in Huntsville, Alabama who are interested in getting a small business loan.

Local Huntsville Business Lenders

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

Small Business Bank Recent SBA Loans
1st Community Credit Corporation  
Diebold Inc  
First American Bank 5
First Commercial Bank 4
Redstone Fcu 152
Renasant Bank 3
Southbank, F.s.b. 2
Southtrust Securities Inc  
Synovus Mortgage Corporation  
Union Planters Bank 2
Verizon Federal  
Wachovia Bank 1

Banks that Lend to Huntsville Businesses

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

Small Business Bank Recent SBA Loans
Amer Express Centurion Bk
Salt Lake City, UT
1
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
New York, NY
9
Business Loan Center, LLC
Panama City Beach, FL
32
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
10
Cit Small Business Lending Corp
Livingston, NJ
5
Comerica Bank
Dallas, TX
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Community W. Bank
Goleta, CA
1
Compass Bank
Birmingham, AL
14
Fidelity Bank
Norcross, GA
1
First American Bank
Athens, AL
1
First American Bank
Birmingham, AL
1
First Commercial Bank
Madison, AL
1
Innovative Bank
Oakland, CA
48
Newtek Small Business Finance Inc.
New York, NY
1
Northwest Bank & Trust Company
Davenport, IA
1
Pnc Bank, National Association
Philadelphia, PA
3
Rbc Centura Bank
Raleigh, NC
1
Regions Bank
Atlanta, GA
19
Regions Bank
Birmingham, AL
8
Regions Bank
Memphis, TN
2
Regions Bank
Montgomery, AL
1
Renasant Bank
Madison, AL
1
Shinhan Bank America
New York City, NY
1
Superior Bank
Blountsville, AL
1
Superior Financial Group, LLC
Walnut Creek, CA
3
Temecula Valley Bank
Temecula, CA
1
The Bank Of Nashville
Nashville, TN
1
Wachovia Bank
Atlanta, GA
2
Wachovia Bank
Birmingham, AL
9
Wachovia Bank
Charlotte, NC
2
Wachovia Bank
Decatur, AL
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Zions First National Bank
West Valley City, UT
1

Tips for Getting a Business Loan in Huntsville

Before contacting lenders to get a bank loan, you will need to have a specific plan.

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 lender.

A well-defined business plan is essential. If the loan is to for a going concern, 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 you cannot repay the loan.

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 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 dedicated to providing advice to small business owners, 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 Business Cash Advances.

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