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

Parkland, Florida Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Parkland, Florida who are interested in getting a small business loan.

Banks that Lend to Parkland Businesses

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

Small Business Bank Recent SBA Loans
1st United Bank
Boca Raton, FL
1
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
7
Business Loan Center, LLC
Panama City Beach, FL
1
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Commerce Bank
Flemington, NJ
1
Lehman Brothers Bank, FSB
Wilmington, DE
1
Newtek Small Business Finance Inc.
New York, NY
1
Wachovia Bank
Charlotte, NC
3
Wachovia Bank
West Palm Beach, FL
1
Washington Mutual Bank
Henderson, NV
3

Parkland Business Loan Advice

Prior to meeting with banks 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money is to for a company that is already doing business, 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Gaebler.com is a site that is passionate about supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Business Credit Evaluation.

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