Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Lewisburg, West Virginia

 
Loan Census SBA Loan Info

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

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

Local Lewisburg Banks

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

Small Business Bank Recent SBA Loans
BB & T - Area Branches- Ronceverte Main Office  
City National Bank - Bank- Loans  
City National Bank - W. Virginia 1
First Citizens Bank  
First National Bank 1
The Bank of Monroe  

Other Lending Resources for Lewisburg Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
1
Business Loan Center, LLC
Richmond, VA
2
First Central Bank, Inc.
Buckhannon, WV
1
First National Bank
Ronceverte, WV
3
Innovative Bank
Oakland, CA
5
Superior Financial Group, LLC
Walnut Creek, CA
1

Business Loan Advice for Lewisburg Businesses

Prior to contacting banks to discuss getting 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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 these banks are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Angel Investors.

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