We wrote this article for small business owners in Dublin, Virginia who are interested in getting a bank loan.
Local Dublin Banks
Without further adieu, here's our list of small business banks in Dublin.
Small Business Bank |
Recent SBA Loans |
Amsouth Bank - Branches- Dublin |
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First Citizens Bank |
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FNB Corporation |
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Banks that Lend to Dublin Businesses
This is a list of banks outside of Dublin, Virginia that have provided SBA loans to Dublin businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Dublin
Before meeting with banks to get 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, define how the money will be used, and show your ability to pay the loan back to the bank.
Being able to present a well-written business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to to secure the business 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 are SBA lenders. Before meeting with the 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
Gaebler.com is a site that is devoted to helping entrepreneurs, and we have a
lot of useful articles about to Raising
Money. If you want to learn about raising money, one article that might be of interest to you is Only Idiots Send Venture Capitalists Business Plans.
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