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March 28, 2024  
 
 
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Business Loan Kenbridge, Virginia

 
Loan Census SBA Loan Info

Looking for a Kenbridge, Virginia 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 small business owners in Kenbridge, Virginia who are interested in getting a bank loan.

Local Kenbridge Lending Resources

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

Small Business Bank Recent SBA Loans
BB & T - Blackstone- Kenbridge  
Benchmark Community Bank - Kenbridge OFC  

Other Lending Resources for Kenbridge Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
First-citizens Bank & Trust
Raleigh, NC
1

Tips for Getting a Business Loan in Kenbridge

Before reaching out to lenders to discuss getting 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 intend to to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 secure the business with 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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

Gaebler.com is a site that is dedicated to helping entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we would suggest you read Getting a Small Business Loan.

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