Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Pinson, Alabama Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Pinson, Alabama small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Pinson Lenders

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

Small Business Bank Recent SBA Loans
Amsouth Bank - Branches- Pinson  

Business Loan Providers for Pinson Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
1
Renasant Bank
Birmingham, AL
1

Pinson Bank Loan Tips

Prior to meeting with lenders to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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