Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan North Augusta, South Carolina

 
Loan Census SBA Loan Info

Small business loans in North Augusta, South Carolina are available. You just need to talk to the right bank.

This article is written specifically for small business proprietors in North Augusta, South Carolina who are interested in getting debt financing.

Local North Augusta Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
First Cit. Bank & Trust Inc 1
People's Community Bank  
Regions Bank - North Augusta Office  
Regions Bank - South Carolina Banking Locations- North Augusta Kroger Of  
Security Federal Bank 2

Business Loan Providers for North Augusta Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
16
Business Devel Corp - So. Caro
Columbia, SC
2
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
3
Compass Bank
Dallas, TX
1
Queensborough National Bank & Trust
Statesboro, GA
1
Wachovia Bank
Winston Salem, NC
1

Tips for Getting a Business Loan in North Augusta

As a prerequisite to meeting with lenders to get 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 intend to to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 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 the banks in our list are SBA lenders. 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 serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

More Business Loan Info for South Carolina
Get a Business Loan in Newberry
Get a Business Loan in North Charleston

Browse All Business Loan Sources for South Carolina