Bartow, Florida Small Business Loans

Local Bartow Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Bartow.

Lenders for Bartow Businesses

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

Bartow Bank Loan Tips

As a prerequisite to meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, 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 money back to the bank.

Being able to present a well-written business plan is essential. If the money is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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 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 new to our Gaebler.com site, you should know that we are dedicated to assisting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Angel Investors.