We wrote this article for entrepreneurs in Chattanooga, Tennessee who are interested in getting a bank loan.
Local Chattanooga Business Loan Sources
Without further adieu, here's our list of small business banks in Chattanooga.
Small Business Bank |
Recent SBA Loans |
Loan Depot Lending Company In |
4 |
Amsouth Bank - Branch- Dayton |
|
Amsouth Bank - Branches- Gunbarrel Road |
|
Amsouth Bank - Branches- Highland |
|
Amsouth Bank - Branches- Jasper |
|
Amsouth Bank - Branches- Lookout Valley |
|
Amsouth Bank - Branches- North River |
|
Amsouth Bank - Branches- Red Bank |
|
Amsouth Bank - Branches- Whitwell |
|
Amsouth Bank - Business Banking- Departments- Commercial Banking |
|
Amsouth Bank - Departments |
|
Amsouth Bank - Mortgage Loans- Departments- Private Banking |
|
Amsouth Bank - Mortgage Loans- Departments- Treasury Management |
|
Amsouth Bank - Mortgage Loans- Trust Services- Departments |
|
Banc Of America Investment Services- Inc |
|
Bank Of America |
|
BB & T |
|
Carteret Mortgage Corporation |
|
Community Trust & Banking |
|
Cornerstone Community Bank |
66 |
E Trade |
|
First Citizens Bank-The Bank - Branches- East Ridge |
|
First National Bank |
|
First- National Bank |
|
First Security Group |
|
First Volunteer Bank - Tennessee |
52 |
Firstbank Mortgage |
|
Frontier Bank |
|
FSG Bank |
|
Fsgbank |
|
FTBC |
|
Global Cash Advance |
|
New South Federal Savings Bank |
|
Northwest Georgia Bank - Hamilton Place OFC |
|
Open Systems Group Inc |
|
Oslin Mortgage Corporation |
|
Regions Bank |
|
Business Loan Providers for Chattanooga Businesses
This is a list of banks outside of Chattanooga, Tennessee that have provided SBA loans to Chattanooga businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Banco Popular North America
New York City, NY |
1 |
Bank Of America
Charlotte, NC |
31 |
Bank Of The West
San Francisco, CA |
1 |
Bank Of The West
Truckee, CA |
2 |
Borrego Springs Bank
La Mesa, CA |
2 |
Branch Bank & Trust
Atlanta, GA |
1 |
Branch Bank & Trust
Winston Salem, NC |
1 |
Business Loan Center, LLC
Panama City Beach, FL |
9 |
Capital One
Mclean, VA |
9 |
Cit Small Business Lending Corp
Livingston, NJ |
14 |
Citizens Bank
Elizabethton, TN |
1 |
Cohutta Banking Company
Chatsworth, GA |
2 |
Community So. Bank D.b.a Commun
Parsons, TN |
1 |
Community Tr & Bank Co
Ooltewah, TN |
2 |
Community W. Bank
Goleta, CA |
1 |
Eaton National Bank & Trust.
Eaton, OH |
1 |
First Federal Bank
Fort Payne, AL |
1 |
First Tennessee Bank
Memphis, TN |
1 |
First Volunteer Bank - Tennessee
Hixson, TN |
4 |
First Volunteer Bank - Tennessee
Lawrenceburg, TN |
1 |
Gateway Bank & Trust
Fort Oglethorpe, GA |
1 |
Gateway Bank & Trust
Ringgold, GA |
2 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
2 |
Hana Small Business Lending Inc.
Los Angeles, CA |
1 |
Haven Trust Bank
Duluth, GA |
2 |
Innovative Bank
Oakland, CA |
47 |
Nara Bank
Los Angeles, CA |
1 |
Ncb, FSB
Hillsboro, OH |
1 |
Newtek Small Business Finance Inc.
New York, NY |
1 |
North Jackson Bank
Stevenson, AL |
1 |
Northwest Georgia Bank
Ringgold, GA |
1 |
Rbc Centura Bank
Atlanta, GA |
1 |
Regions Bank
Atlanta, GA |
1 |
Regions Bank
Birmingham, AL |
6 |
Small Business Loan Source LLC
Houston, TX |
2 |
Stearns Bank
Saint Cloud, MN |
2 |
Suntrust Bank
Richmond, VA |
6 |
Superior Financial Group, LLC
Walnut Creek, CA |
27 |
Temecula Valley Bank
Temecula, CA |
1 |
Tennessee Business & Indust Devel
Paris, TN |
3 |
U.S. Bank National Association
Cincinnati, OH |
1 |
United Community Bank
Blairsville, GA |
1 |
Wachovia Bank
Atlanta, GA |
1 |
Wachovia Bank
Birmingham, AL |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
2 |
Wilshire State Bank
Los Angeles, CA |
1 |
Tips for Getting a Business Loan in Chattanooga
Before meeting with banks to discuss getting a bank loan, you will need to have a specific plan.
You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.
A well-defined business plan is an important prerequisite. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. 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 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
Our Gaebler.com site is deeply committed to aiding entrepreneurs, and we have a
lot of information pertaining to to Raising
Money. For example, we recommend you read How to Raise Money.
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