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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Tiptonville, Tennessee

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Tiptonville, Tennessee who are interested in getting debt financing.

Other Lending Resources for Tiptonville Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First Western Sblc, Inc
Dallas, TX
1

Tips for Getting a Business Loan in Tiptonville

Prior to reaching out to 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 intend to to pay the loan back to the lender.

Having a business plan is an important prerequisite. 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, the bank may ask you to to pledge 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review SBIR Funding.

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