We wrote this article for entrepreneurs in Albany, Kentucky who are interested in getting a small business loan.
Local Albany Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Albany.
Small Business Bank |
Recent SBA Loans |
First & Farmers Bank - Albany- Branch Bank- Phone |
|
Banks that Lend to Albany Businesses
Be sure to speak with bankers outside of Albany, Kentucky. These banks, in the table below, have lent to other Albany small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Tips for Getting a Business Loan in Albany
Borrowing money is one of the most common sources of funding for a small business, but getting a loan is a time-consuming task.
Improve your odds by talking to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.
Remember, before meeting with a banker, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
Gaebler.com Advice on Raising Money
Make the effort and learn as much as you can about Raising
Money. To get the ball rolling, we suggest you read
504 Loans.
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