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

Tybee Island, Georgia Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Tybee Island, Georgia, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Tybee Island Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Branch Bank & Trust
Savannah, GA
1
Business Loan Center, LLC
New York, NY
1
Community W. Bank
Goleta, CA
1

Tybee Island Bank Loan Tips

Before 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined 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 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, you will likely be asked 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 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 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

If you are new to our Gaebler.com site, you should know that we are passionate about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

More Business Lender Lists for Georgia Cities
Get a Business Loan in Tucker
Get a Business Loan in Union City

Browse All Business Loan Sources for Georgia