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December 24, 2024  
 
 
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Small Business Lenders in Hampton, Florida

 
Loan Census SBA Loan Info

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

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

Lenders for Hampton Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1

Business Loan Advice for Hampton Businesses

Before reaching out to banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 the banks in our list 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

If you are new to our Gaebler.com site, you should know that we are dedicated to supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Business Incubators.

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