Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Citrus Springs, Florida Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Citrus Springs, Florida seems challenging at first, but we're here to help you get started.

This article is written specifically for small business owners in Citrus Springs, Florida who are interested in getting a bank loan.

Banks that Lend to Citrus Springs Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1

Citrus Springs Business Loan Advice

Before meeting with banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to 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 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

If you are serious about 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 Florida
Get a Business Loan in Casselberry
Get a Business Loan in Clearwater

Browse All Business Loan Sources for Florida