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

Business Loan Oakland, Florida

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Oakland, Florida who are interested in getting debt financing.

Banks that Lend to Oakland Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
California Bank & Trust
Sacramento, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Wachovia Bank
Birmingham, AL
1

Tips for Getting a Business Loan in Oakland

Before meeting with 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

Having a business plan is is critically important. If the bank 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 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. Before you sit down to talk with a small business banker, 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

Our Gaebler.com site is all about supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Getting a Small Business Loan.

More Business Loan Info for Florida
Get a Business Loan in North Port
Get a Business Loan in Oakland Park

Browse All Business Loan Sources for Florida