Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Morganton, North Carolina Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Morganton, North Carolina? If so, you'll want to talk to some of these small business lenders in Morganton.

If you are hoping to get a small business loan and your business is based in Morganton, North Carolina, we've put together a list of local small business banks that you should contact.

Local Morganton Business Lenders

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

Small Business Bank Recent SBA Loans
ATM USA  
Automated Bankcard Services  
Automatic Bankcard Services  
Bank Of America  
Bank Of Granite 5
BB & T - BB & T Office Locations- Morganton- ATM Location  
Carolina First  
First Citizens Bank  
First National Bank  
First-citizens Bank & Trust 1
Morganton Federal Savings & Loan Association  

Banks that Lend to Morganton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of Granite
Granite Falls, NC
11
Branch Bank & Trust
Winston Salem, NC
3
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
First-citizens Bank & Trust
Raleigh, NC
3
Wachovia Bank
Charlotte, NC
1
Wachovia Bank
Winston Salem, NC
4

Morganton Bank Loan Tips

Prior to meeting with lenders to discuss getting a bank 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 how you plan to pay the loan back to the lender.

A well-defined business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 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 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

If you are new to our Gaebler.com site, you should know that we are all about supporting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Bank Credit Lines.

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