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

Small Business Lenders in Waxhaw, North Carolina

 
Loan Census SBA Loan Info

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

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

Local Waxhaw Lenders

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

Small Business Bank Recent SBA Loans
First Charter - Financial Centers- Waxhaw Location  

Other Lending Resources for Waxhaw Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
11
Bank Of Granite
Granite Falls, NC
1
Branch Bank & Trust
Winston Salem, NC
1
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
2
First Charter Bank
Charlotte, NC
2
First-citizens Bank & Trust
Charlotte, NC
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Newtek Small Business Finance Inc.
New York, NY
1
Small Business Loan Source LLC
Houston, TX
1
Wachovia SBA Lending, Inc.
Roseville, CA
3

Business Loan Advice for Waxhaw Businesses

Prior to contacting lenders to get a bank loan, you will need to develop the specifics of your loan request.

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.

A well-defined business plan is is critically important. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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 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 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Microlending as a Small Business Funding Source.

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