Lithonia, Georgia Small Business Loans

Local Lithonia Lenders

To assist you in finding a small business banker, here's our list of small business banks in Lithonia.

Banks that Lend to Lithonia Businesses

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

Lithonia Bank Loan Tips

As a prerequisite to meeting with banks to get a bank loan, you will need to have a specific plan.

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

Being able to present a well-written business plan is essential. If the money is to for an existing business, 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 the equity in your home. 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. Prior to visiting local banks, 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.

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If you are new to our Gaebler.com site, you should know that we are all about providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read Attracting Investors.