These materials were prepared for entrepreneurs in Robertsdale, Alabama who are interested in getting a bank loan.
Local Robertsdale Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Robertsdale.
|Small Business Bank
||Recent SBA Loans
|First Gulf Bank
|Pen Air Federal Credit Union
SBA Lenders for Robertsdale Businesses
This is a list of banks outside of Robertsdale, Alabama that have provided SBA loans to Robertsdale businesses. Some of these may be national banks with local branch locations.
Robertsdale Business Loan Advice
Before contacting lenders for a loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the money back to the lender.
A well-defined business plan is essential. If the bank loan is to for an existing business, 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 secure the business with 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 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 supporting entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we recommend you read SBIR Funding.
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