Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Coral Gables, Florida

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Coral Gables, Florida, we've assembled a list of local small business banks that you should contact.

Local Coral Gables Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Coral Gables.

Small Business Bank Recent SBA Loans
Amtrust Bank - Local Branches  
B P D Bank  
Banco M  
Bank Of America  
Bankatlantic - Coral Gables Office  
BankBoston International  
Bankunited, FSB 129
Citibank FSB  
Citrus Bank  
Internatl Bancorp - Miami Inc. 1
Internatl Bank - Miami 63
Mercantil Commercebank National As 7

Business Loan Providers for Coral Gables Businesses

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

Small Business Bank Recent SBA Loans
Amer Express Centurion Bk
Salt Lake City, UT
1
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
59
Bank Of America
Providence, RI
1
Business Loan Center, LLC
Panama City Beach, FL
1
California Bank & Trust
Sacramento, CA
8
Capital One
Mclean, VA
8
Cit Small Business Lending Corp
Livingston, NJ
8
Citibank
Las Vegas, NV
5
Citibank
Miami, FL
3
Citibank
New York City, NY
1
Citibank
San Francisco, CA
1
Comerica Bank
Dallas, TX
1
Commerce Bank
Philadelphia, PA
1
Community So. Bank D.b.a Commun
Parsons, TN
2
Comvest Export Finan Company I
Clarksburg, WV
1
First American Bank
Carpentersville, IL
2
First American Bank
Elk Grove Village, IL
2
First National Bank Of Arizona
Scottsdale, AZ
1
Hsbc Bank Usa
Syracuse, NY
3
Metro Bank Of Dade County
Miami, FL
1
Newtek Small Business Finance Inc.
New York, NY
1
Ocean Bank
Miami, FL
2
Regions Bank
Memphis, TN
4
Sun American Bank
Coconut Grove, FL
1
Turnberry Bank
Aventura, FL
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia Bank
Charlotte, NC
2
Washington Mutual Bank
Henderson, NV
3
Zions First National Bank
West Valley City, UT
1

Business Loan Advice for Coral Gables Businesses

Prior to reaching out to 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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 planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Line of Credit.

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