Loan Census Banking News and Information
January 16, 2022  
  Business Loan Information  

Lake City, Florida Business Loan

Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Lake City, Florida who are interested in getting debt financing.

Local Lake City Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Campus USA Credit Union  
CNB National Bank  
Columbia Bank 1
Columbia County Bank  
First Fed. Savings Bank - Florid 12
Peoples State Bank 1

Other Lending Resources for Lake City Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Branch Bank & Trust
Winston Salem, NC
Business Loan Center, LLC
Panama City Beach, FL
Business Loan Center, LLC
Richmond, VA
Capital One
Mclean, VA
Cit Small Business Lending Corp
Livingston, NJ
Comerica Bank
Dallas, TX
First Fed. Savings Bank - Florid
Live Oak, FL
Ge Cap. Small Business Finan Corp
St. Louis, MO
Newtek Small Business Finance Inc.
New York, NY
Orlando National Bank
Longwood, FL
United Midwest Savings Bank
Columbus, OH

Lake City Business Loan Advice

As a prerequisite to meeting with banks for a 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Having a business plan is is critically important. If the financing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 you sit down to talk with a small business 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. Advice on Raising Money

If you are new to our site, you should know that we are devoted to assisting small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is How Much Venture Capital Is There?.

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