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

Small Business Lenders in Sandersville, Mississippi

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Sandersville, Mississippi, we've put together a list of local small business banks that you should contact.

Local Sandersville Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Sandersville.

Small Business Bank Recent SBA Loans
Sandersville Branch Office Community Bank  

SBA Lenders for Sandersville Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Trustmark National Bank
Jackson, MS
1

Business Loan Advice for Sandersville Businesses

Before contacting lenders 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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. 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read SBIR Funding.

More Business Lender Lists for Mississippi Cities
Get a Business Loan in Ripley
Get a Business Loan in Senatobia

Browse All Business Loan Sources for Mississippi