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March 29, 2024  
 
 
  Business Loan Information  
 

Whitsett, North Carolina Business Loan

 
Loan Census SBA Loan Info

Raising money in Whitsett, North Carolina? If so, you'll want to talk to some of these small business lenders in Whitsett.

This article is written specifically for small business proprietors in Whitsett, North Carolina who are interested in getting debt financing.

Local Whitsett Lenders

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

Small Business Bank Recent SBA Loans
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Business Loan Providers for Whitsett Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Branch Bank & Trust
Winston Salem, NC
1
Self-help Cu
Greensboro, NC
1

Whitsett Business Loan Advice

As a prerequisite to contacting lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the lender.

Having a business plan is is critically important. If the bank 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

Business Loan Sources for Other Cities in North Carolina
Get a Business Loan in Whiteville
Get a Business Loan in Williamston

Browse All Business Loan Sources for North Carolina