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March 29, 2024  
 
 
  Business Loan Information  
 

Rossville, Tennessee Small Business Loans

 
Loan Census SBA Loan Info

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

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

Business Loan Providers for Rossville Businesses

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

Small Business Bank Recent SBA Loans
First Tennessee Bank
Collierville, TN
1

Rossville Bank Loan Tips

Before reaching out to banks 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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