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

Oneida, Tennessee Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Oneida, Tennessee, we've put together a list of local small business banks that you should contact.

Local Oneida Business Lenders

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

Small Business Bank Recent SBA Loans
First National Bank  
First Trust & Savings Bank  

Lenders for Oneida Businesses

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

Small Business Bank Recent SBA Loans
Superior Financial Group, LLC
Walnut Creek, CA
1

Oneida Bank Loan Tips

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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.

A well-defined business plan is essential. If the money 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 guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, the bank may ask you to 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 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 new to our Gaebler.com site, you should know that we are deeply committed to supporting small business owners, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.

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