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

Small Business Lenders in Ripley, Tennessee

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Ripley, Tennessee, we've assembled a list of local small business banks that you should contact.

Local Ripley Lenders

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

Small Business Bank Recent SBA Loans
Bank of Ripley  
Bank Tennessee  
First-Citizens National Bank - Ripley Office  
Fitzhugh C Craig Attorney  
Lauderdale County Bank  
Raymond James Financial Services Inc  

Business Loan Providers for Ripley Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Banktennessee
Collierville, TN
1
First-citizens National Bank
Dyersburg, TN
1
Innovative Bank
Oakland, CA
5
Insouth Bank
Brownsville, TN
1
Regions Bank
Memphis, TN
1
Superior Financial Group, LLC
Walnut Creek, CA
3

Business Loan Advice for Ripley Businesses

As a prerequisite to reaching out to lenders for a 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 meeting with the banker, you may want to read up on 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 passionate about assisting small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Microlending as a Small Business Funding Source.

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