These materials were prepared for small business owners in Medley, Florida who are interested in getting debt financing.
Local Medley Lenders
Without further adieu, here's our list of small business banks in Medley.
Small Business Bank |
Recent SBA Loans |
Bank Of America |
|
Commercial Bank of Florida |
|
Banks that Lend to Medley Businesses
This is a list of banks outside of Medley, Florida that have provided SBA loans to Medley businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Banco Popular North America
New York City, NY |
4 |
Bank Of America
Charlotte, NC |
29 |
Bankunited, FSB
Coral Gables, FL |
1 |
California Bank & Trust
Sacramento, CA |
6 |
Capital One
Mclean, VA |
2 |
Citibank
Las Vegas, NV |
1 |
Citibank
Miami, FL |
1 |
Citibank
San Francisco, CA |
2 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
2 |
Hsbc Bank Usa
Syracuse, NY |
1 |
Lehman Brothers Bank, FSB
Boston, MA |
1 |
Mercantil Commercebank National As
Hialeah, FL |
2 |
Merrill Lynch Bank Usa
Salt Lake City, UT |
1 |
Ocean Bank
Miami, FL |
2 |
Regions Bank
Memphis, TN |
2 |
Washington Mutual Bank
Henderson, NV |
2 |
Medley Business Loan Advice
As a prerequisite to contacting 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.
Being able to present a well-written business plan is essential. 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 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 read up on 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 providing advice to small business owners, and we have a
lot of information pertaining to to Raising
Money. For example, we recommend you read 504 Loans.
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