Loan Census Banking News and Information
April 11, 2021  
 
 
  Business Loan Information  
 

Robertsdale, Alabama Business Loan

 
Loan Census SBA Loan Info

Small business loans in Robertsdale, Alabama are available. You just need to talk to the right bank.

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
Citizens' Bank  
First Gulf Bank  
Pen Air Federal Credit Union  
Regions Bank 1

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.

Small Business Bank Recent SBA Loans
Bank Of Pensacola
Pensacola, FL
1
Compass Bank
Birmingham, AL
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Small Business Loan Source LLC
Houston, TX
1
United Bank
Atmore, AL
4
Vision Bank
Panama City, FL
1

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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