If you are looking for a small business loan and your business is based in Hastings, Florida, we've assembled a list of local small business banks that you should contact.
Local Hastings Business Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Hastings.
Small Business Bank |
Recent SBA Loans |
BB & T - Branch |
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Business Loan Providers for Hastings Businesses
This is a list of banks outside of Hastings, Florida that have provided SBA loans to Hastings businesses. Some of these may be national banks with local branch locations.
Hastings Bank Loan Tips
As a prerequisite to reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.
A well-defined business plan is an important prerequisite. If the capital 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 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 stocks and bonds that you might own or life insurance policies. 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 are SBA lenders. Before you sit down to talk with a small business 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.
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