Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Tuscaloosa, Alabama

 
Loan Census SBA Loan Info

Looking for a Tuscaloosa, Alabama small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are hoping to get a small business loan and your business is based in Tuscaloosa, Alabama, we've assembled a list of local small business banks that you should contact.

Local Tuscaloosa Business Loan Sources

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

Small Business Bank Recent SBA Loans
Amsouth Bank - Branches- Alberta  
Amsouth Bank - Branches- Indian Hills  
Amsouth Bank - Branches- Main  
Amsouth Bank - Branches- Northport  
Amsouth Bank - Branches- Taylorville- Amsouth Telebanking Center  
Amsouth Bank - Branches- University  
Amsouth Bank - Departments- Human Resources  
Amsouth Bank - Departments- Private Client Services  
Cadence Bank 2
Colonial Bank - Banking Offices- Tuscaloosa  
Compass Bank  
First Federal Bank  
First Financial Bank - Vance  
First National Bank of Central Alabama - Tuscaloosa Office  
Merchants & Farmers Bank  
National Bank of Commerce - Hillcrest  
National Bank of Commerce - Investment Department- Main Office- Mortgage Depart  
National Bank of Commerce - North Tuscaloosa  
National Bank of Commerce - Northport  
Peoples Bank & Trust  
Regions Bank - All Departments & Services- Banking Offices- Main  
Regions Bank - All Departments & Services- Banking Offices- Northport  
Regions Bank - Banking Offices- East Tuscaloosa Alberta- All Departments & Serv  
Regions Bank - Banking Offices- Indian Hills- All Departments & Serv  
Regions Bank - Departments- Right Card ATM Services  
Regions Bank - Departments- Trust Services  
Regions Bank - Services Banking Offices- Skyland  
Regions Bank - Services Banking Offices- University  
Security Bank  
Southtrust Bank - Departments- Loan Department Payoff Info  
Southtrust Bank - Offices- ATM Location  
Southtrust Bank - Offices- Indian Hills Offices- ATM Location  
Southtrust Bank - Offices- Skyland Promenade- ATM Location  
Synovus Mortgage Corporation  
The Bank Of Tuscaloosa 8
Wachovia Bank 2
Wells Fargo Financial  
Wells Fargo Reverse Mortgaging Mortgages  

Lenders for Tuscaloosa Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
13
Capital One
Mclean, VA
3
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
5
Comerica Bank
Dallas, TX
2
Compass Bank
Birmingham, AL
5
First National Bank - Cent. Alabama
Aliceville, AL
1
First National Bank - Cent. Alabama
Northport, AL
1
First National Bank Of Arizona
Scottsdale, AZ
1
Innovative Bank
Oakland, CA
1
Insouth Bank
Memphis, TN
1
Temecula Valley Bank
Temecula, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Business Loan Advice for Tuscaloosa Businesses

Prior 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 intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 the equity in your home. The banks will look at your personal credit report 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 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

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 Getting a Small Business Loan.

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