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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Poinciana, Florida

 
Loan Census SBA Loan Info

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

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

Lenders for Poinciana Businesses

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

Small Business Bank Recent SBA Loans
Washington Mutual Bank
Henderson, NV
1

Tips for Getting a Business Loan in Poinciana

As a prerequisite to contacting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money 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 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, 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 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

Our Gaebler.com site is deeply committed to aiding entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Realistic Debt Financing Options.

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