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

Louisburg, North Carolina Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Louisburg, North Carolina! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Louisburg, North Carolina, we've put together a list of local small business banks that you should contact.

Local Louisburg Banks

To assist you in finding a small business banker, here's our list of small business banks in Louisburg.

Small Business Bank Recent SBA Loans
Community National Bank  

Other Lending Resources for Louisburg Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Branch Bank & Trust
Winston Salem, NC
4
Capital One
Mclean, VA
2
First-citizens Bank & Trust
Raleigh, NC
1
Innovative Bank
Oakland, CA
3
Self-help Cu
Durham, NC
1
Self-help Cu
Greensboro, NC
1
Southern Bank & Trust
Rocky Mount, NC
1
Superior Financial Group, LLC
Walnut Creek, CA
1

Louisburg Bank Loan Tips

Before contacting lenders for a 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan is to for an existing business, 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, you will likely be asked to pledge your personal assets, such as the equity in your home. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are dedicated to assisting small business owners, and we have a lot of information pertaining to to Raising Money. To learn more, we recommend you read 504 Loans.

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