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December 24, 2024  
 
 
  Business Loan Information  
 

Fern Park, Florida Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Fern Park, Florida who are interested in getting a bank loan.

Business Loan Providers for Fern Park Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular
Orlando, FL
1
Bank Of America
Charlotte, NC
3
Capital One
Mclean, VA
1
Comerica Bank
Dallas, TX
1
Community W. Bank
Goleta, CA
2

Fern Park Business Loan Advice

Before contacting banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money 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 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 your individual retirement account or pension plan. The banks will look at your personal credit report 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 are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read 504 Loans.

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