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

Small Business Lenders in Tamarac, Florida

 
Loan Census SBA Loan Info

Small business loans in Tamarac, Florida 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 Tamarac, Florida, we've assembled a list of local small business banks that you should contact.

Local Tamarac Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bankatlantic  
Bankunited FSB - Tamarac  
Citibank - Full Service Financial Centers- Tamarac  

Business Loan Providers for Tamarac Businesses

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

Small Business Bank Recent SBA Loans
Amer Express Centurion Bk
Salt Lake City, UT
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
26
Business Loan Center, LLC
Panama City Beach, FL
1
California Bank & Trust
Sacramento, CA
1
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
6
Cit Small Business Lending Corp
Livingston, NJ
4
Citibank
Las Vegas, NV
3
Citibank
Miami, FL
1
Comerica Bank
Dallas, TX
1
Comerica Bank
Houston, TX
1
Commerce Bank
Flemington, NJ
1
Community So. Bank D.b.a Commun
Parsons, TN
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Independence Bank
East Greenwich, RI
1
Newtek Small Business Finance Inc.
New York, NY
1
Pnc Bank, National Association
Pittsburgh, PA
1
Regions Bank
Memphis, TN
4
Temecula Valley Bank
Temecula, CA
3
Wachovia Bank
Charlotte, NC
2
Wachovia Bank
Winston Salem, NC
1
Washington Mutual Bank
Henderson, NV
5

Business Loan Advice for Tamarac Businesses

As a prerequisite to reaching out to banks for a loan, you will need to have a specific plan.

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 bank.

Being able to present a well-written business plan is essential. If the loan is to for a company that is already doing 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 to guarantee the loan 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 these banks are SBA lenders. Before meeting with the 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

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