Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Sandy Springs, Georgia Business Loan

 
Loan Census SBA Loan Info

Raising money in Sandy Springs, Georgia? If so, you'll want to talk to some of these small business lenders in Sandy Springs.

We wrote this article for small business proprietors in Sandy Springs, Georgia who are interested in getting a bank loan.

Local Sandy Springs Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  
Signature Bank Of Georgia 8

Other Lending Resources for Sandy Springs Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Cornerstonebank
Atlanta, GA
1
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
1
Magnet Bank
Salt Lake City, UT
1
Metro City Bank
Doraville, GA
1
Small Business Loan Source LLC
Houston, TX
1
Washington Mutual Bank
Henderson, NV
1
Wilshire State Bank
Los Angeles, CA
1

Sandy Springs Business Loan Advice

Before contacting banks to get a bank loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

Having a business plan is essential. If the capital is to for a going concern, 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 your individual retirement account or pension plan. 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 meeting with the banker, you may want to get up to speed 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

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

More Business Loan Info for Georgia
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