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

Small Business Lenders in Monticello, Florida

 
Loan Census SBA Loan Info

Looking for a Monticello, Florida small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Monticello, Florida, we've put together a list of local small business banks that you should contact.

Local Monticello Banks

Without further adieu, here's our list of small business banks in Monticello.

Small Business Bank Recent SBA Loans
Capital City Bank - Branch Offices- Monticello Office  

Banks that Lend to Monticello Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
New York, NY
1

Business Loan Advice for Monticello Businesses

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, 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 financing 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 meeting with the banker, 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is dedicated to aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Investor Turnoffs.

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