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

Business Loan Covington, Georgia

 
Loan Census SBA Loan Info

Small business loans in Covington, Georgia are available. You just need to talk to the right bank.

These materials were prepared for small business owners in Covington, Georgia who are interested in getting a small business loan.

Local Covington Business Lenders

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

Small Business Bank Recent SBA Loans
ATM USA  
Bank Of America  
Bank of Covington  
Bank Of North Georgia 7
Branch Bank & Trust 176
First Georgia Community Bank  
First Nation Bank  
Georgia Central Bank  
Main St Banks Incorporated  
Main Street Mortgage  
Newton Federal Bank  

SBA Lenders for Covington Businesses

This is a list of banks outside of Covington, Georgia that have provided SBA loans to Covington 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
2
Bank Of America
Charlotte, NC
20
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
1
Business Loan Center, LLC
Richmond, VA
2
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
7
Cit Small Business Lending Corp
Livingston, NJ
1
Community Bank & Trust
Cornelia, GA
1
Community W. Bank
Goleta, CA
1
Fidelity Bank
Atlanta, GA
2
Fidelity Bank
Norcross, GA
1
First Charter Bank
Lawrenceville, GA
1
Georgia Banking Company
Atlanta, GA
1
Haven Trust Bank
Duluth, GA
1
Innovative Bank
Oakland, CA
4
Nara Bank
Los Angeles, CA
1
National Bank - Walton Cnty
Monroe, GA
1
Quantum National Bank
Suwanee, GA
1
Rbc Centura Bank
Atlanta, GA
1
Stearns Bank
Saint Cloud, MN
1
Sunrise Bank Of Atlanta
Atlanta, GA
1
Suntrust Bank
Richmond, VA
2
Temecula Valley Bank
Temecula, CA
1
The Buckhead Community Bank
Atlanta, GA
1
United Commercial Bank
Atlanta, GA
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia Bank
Charlotte, NC
1
Wachovia Bank
Winston Salem, NC
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
7

Tips for Getting a Business Loan in Covington

Prior to reaching out to banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan 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, the bank may ask you to 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 participate in the financial assistance programs available through the SBA. 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 all about providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read Bank Credit Lines.

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