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

Dumfries, Virginia Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Dumfries, Virginia? If so, you'll want to talk to some of these small business lenders in Dumfries.

If you are looking for a small business loan and your business is based in Dumfries, Virginia, we've assembled a list of local small business banks that you should contact.

Local Dumfries Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Dumfries.

Small Business Bank Recent SBA Loans
Bank Of America  

SBA Lenders for Dumfries Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
13
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
1
Comerica Bank
Dallas, TX
2
Hanmi Bank
Los Angeles, CA
1
Innovative Bank
Oakland, CA
5
Lehman Brothers Bank, FSB
Boston, MA
1
Nara Bank
Los Angeles, CA
1
Newtek Small Business Finance Inc.
New York, NY
2
Pnc Bank, National Association
Pittsburgh, PA
2
Provident Bank Of Maryland
Warrenton, VA
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Dumfries Bank Loan Tips

As a prerequisite to contacting lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 lender.

Being able to present a well-written business plan is an important prerequisite. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 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

Make it a priority to learn as much as you can about Raising Money. To get started, we recommend you read How to Raise Money.

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