Loan Census Banking News and Information
November 30, 2023  
  Business Loan Information  

Scottsboro, Alabama Business Loan

Loan Census SBA Loan Info

Getting a business loan in Scottsboro, Alabama seems challenging at first, but we're here to help you get started.

These materials were prepared for small business owners in Scottsboro, Alabama who are interested in getting a small business loan.

Local Scottsboro Business Loan Sources

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

Small Business Bank Recent SBA Loans
Colonial Bank - Scottsboro- Banking Offices- Branch Office  
Compass Bank - Area Banking- Scottsboro Banking Location  
Family Savings Federal Credit Union  
First National Bank of Scottsboro - Skyline Branch  
First National Bank Skyline  
First Southern National Bank  
First Southern State Bank 1
North Jackson Bank  
People's Independent Bank  
Redstone Federal Credit Union  
Regions Bank  

Other Lending Resources for Scottsboro Businesses

Be sure to speak with bankers outside of Scottsboro, Alabama. These banks, in the table below, have lent to other Scottsboro small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
Business Loan Center, LLC
Panama City Beach, FL
Capital One
Mclean, VA
Compass Bank
Birmingham, AL
First Southern State Bank
Stevenson, AL
Ge Cap. Small Business Finan Corp
St. Louis, MO
Redstone Fcu
Huntsville, AL

Scottsboro Business Loan Advice

Borrowing money is one of the most common sources of funding for a small business, but getting small business financing can be difficult.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.

Remember, before visiting with local small business banks, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements. Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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