Business Loan Jeffersonville, Vermont

Local Jeffersonville Business Loan Sources

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

Business Loan Providers for Jeffersonville Businesses

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

Tips for Getting a Business Loan in Jeffersonville

Prior to meeting with banks 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 bank.

Having a business plan is is critically important. 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 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 to guarantee the loan 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 the banks in our list 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 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

Our Gaebler.com site is deeply committed to aiding small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is Business Credit Evaluation.