Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Jasper, Alabama

 
Loan Census SBA Loan Info

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

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

Local Jasper Lenders

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

Small Business Bank Recent SBA Loans
Atm USA LLC  
Bank of Walker County  
Colonial Bank - Banking Offices- Main  
First National Bank Of Jasper 2
Pinnacle Bank 1
Security Federal Savings Bank  
Southtrust Bank - Banking Offices- Jasper MAM Office  
Traders & Farmers Bank 2

SBA Lenders for Jasper Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Community W. Bank
Goleta, CA
1
Compass Bank
Birmingham, AL
1
Regions Bank
Atlanta, GA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Business Loan Advice for Jasper Businesses

As a prerequisite to contacting banks to get a bank 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 how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Realistic Debt Financing Options.

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