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

Small Business Lenders in Lake Mary, Florida

 
Loan Census SBA Loan Info

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

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

Local Lake Mary Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of New York  
Cnlbank  
Colonial Bank  
First Comm. Bank - Florida 23
M&i Marshall & Ilsley Bank 5

Banks that Lend to Lake Mary Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular
Orlando, FL
1
Banco Popular North America
New York City, NY
7
Bank Of America
Charlotte, NC
18
Bank Of America
Providence, RI
1
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
4
Cit Small Business Lending Corp
Livingston, NJ
4
Commerce Bank
Philadelphia, PA
1
Cornerstonebank
Atlanta, GA
2
Fairwinds Cu
Orlando, FL
1
Fifth Third Bank
Grand Rapids, MI
1
First Comm. Bank - Florida
Orlando, FL
9
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
12
National City Bank
Cleveland, OH
1
Orlando National Bank
Longwood, FL
10
Regions Bank
Atlanta, GA
1
Suntrust Bank
Richmond, VA
1
Wachovia Bank
Winston Salem, NC
1
Wachovia SBA Lending, Inc.
Roseville, CA
3
Washington Mutual Bank
Henderson, NV
4

Business Loan Advice for Lake Mary Businesses

As a prerequisite to contacting lenders to discuss getting a bank 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 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 stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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

If you are new to our Gaebler.com site, you should know that we are devoted to supporting 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 Line of Credit.

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