Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Melbourne Beach, Florida

 
Loan Census SBA Loan Info

I need a loan for my business in Melbourne Beach, Florida! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Melbourne Beach, Florida, we've assembled a list of local small business banks that you should contact.

Local Melbourne Beach Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
BB & T - Branches- Melbourne Beach  

Other Lending Resources for Melbourne Beach Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
First National Bank N.w. Florida
Panama City, FL
1
Innovative Bank
Oakland, CA
1

Business Loan Advice for Melbourne Beach Businesses

Prior to reaching out to lenders for a loan, you will need to have a specific plan.

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 lender.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

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