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

Pearisburg, Virginia Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Pearisburg, Virginia 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 hoping to get a small business loan and your business is based in Pearisburg, Virginia, we've assembled a list of local small business banks that you should contact.

Local Pearisburg Lenders

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

Small Business Bank Recent SBA Loans
FNB Corporation  

Lenders for Pearisburg Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Community So. Bank D.b.a Commun
Parsons, TN
1
First National Bank
Christiansburg, VA
1
Suntrust Bank
Atlanta, GA
1

Pearisburg Bank Loan Tips

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

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 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 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Business Line of Credit.

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