North Miami, Florida Small Business Loans

Looking for a North Miami, 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 planning on applying for a small business loan and your business is based in North Miami, Florida, we've put together a list of local small business banks that you should contact.

Local North Miami Business Loan Sources

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

Small Business Bank	Recent SBA Loans
Amstar Mortgage Corporation
Bank Of America
City National Bank of Florida - North Miami
Commercebank NA

Other Lending Resources for North Miami Businesses

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

Small Business Bank	Recent SBA Loans
1st United Bank Boca Raton, FL	1
Banco Popular North America New York City, NY	6
Bank Of America Charlotte, NC	21
Branch Bank & Trust Winston Salem, NC	1
Business Loan Center, LLC Panama City Beach, FL	1
California Bank & Trust Sacramento, CA	3
California Bank & Trust San Diego, CA	1
Capital One Mclean, VA	4
Cit Small Business Lending Corp Livingston, NJ	2
Citibank Miami, FL	1
Citibank San Francisco, CA	2
Community So. Bank D.b.a Commun Knoxville, TN	1
Community So. Bank D.b.a Commun Parsons, TN	1
Eastern Financial Florida Cu Miramar, FL	1
Hsbc Bank Usa Syracuse, NY	2
Innovative Bank Oakland, CA	1
Internatl Bank - Miami Coral Gables, FL	2
Pnc Bank, National Association Philadelphia, PA	1
Regions Bank Memphis, TN	1
U.S. Bank National Association Cincinnati, OH	1
Wachovia Bank West Palm Beach, FL	1
Washington Mutual Bank Henderson, NV	6
Wells Fargo Bank San Jose, CA	1

North Miami Bank Loan Tips

Prior to contacting banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan 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 you cannot repay the loan.

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 participate in the financial assistance programs available through the SBA. Before meeting with the 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

Our Gaebler.com site is deeply committed to providing advice to small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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