Small Business Lenders in Beulaville, North Carolina

Local Beulaville Lending Resources

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

Other Lending Resources for Beulaville Businesses

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

Business Loan Advice for Beulaville Businesses

As a prerequisite to reaching out to banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business with 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 these banks are SBA lenders. Before meeting with the 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

Gaebler.com is a site that is dedicated to supporting small business owners, and we have a lot of resources related to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.