Small Business Lenders in Monroe, North Carolina

Getting a business loan in Monroe, North Carolina seems challenging at first, but we're here to help you get started.

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

Local Monroe Lending Resources

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

Small Business Bank	Recent SBA Loans
Alfors Appraisal Services Inc
American Community Bank
ATM USA
Bank Of America
BB & T - Branches- Boulevard- ATM Location
BB & T - Branches- Main-Courthouse- ATM Location
BB & T - Branches- Monroe Mall- ATM Location
Central Carolina Bank - Monroe Offices- Office Locations- Charlotte Avenue Of
Central Carolina Bank - Monroe Offices- Office Locations- Jefferson Street Of
Central Carolina Bank & Trust Company
First Charter - Financial Center Locations- Charlotte
First Charter - Financial Centers- Monroe
First Charter Bank
First Charter Ins Svcs
First Citizens Bank
First-citizens Bank & Trust	1
Nationsbank

Lenders for Monroe Businesses

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

Small Business Bank	Recent SBA Loans
Bank Of America Charlotte, NC	7
Bank Of Granite Granite Falls, NC	1
Bank Of The West San Francisco, CA	1
Bank Of The West Truckee, CA	1
Branch Bank & Trust Winston Salem, NC	2
Business Carolina, Inc. Columbia, SC	1
Capital One Mclean, VA	3
Cit Small Business Lending Corp Livingston, NJ	4
Comerica Bank Dallas, TX	2
Comerica Bank Houston, TX	1
First Charter Bank Charlotte, NC	2
First-citizens Bank & Trust Raleigh, NC	3
Innovative Bank Oakland, CA	5
Lehman Brothers Bank, FSB Wilmington, DE	1
Self-help Cu Durham, NC	2
Stearns Bank Saint Cloud, MN	2
Ups Capital Business Credit Windsor, CT	1
Wachovia Bank Charlotte, NC	1
Wachovia Bank Winston Salem, NC	2
Wachovia SBA Lending, Inc. Roseville, CA	5

Business Loan Advice for Monroe Businesses

Before reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

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 your ability to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the bank loan is to for a company that is already doing business, 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, you will likely be asked to secure the business with your personal assets, such as your individual retirement account or pension plan. 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 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 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

Our Gaebler.com site is deeply committed to aiding entrepreneurs, and we have a lot of resources related to 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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