Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Pigeon Forge, Tennessee Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Pigeon Forge, Tennessee seems challenging at first, but we're here to help you get started.

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

Local Pigeon Forge Lending Resources

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

Small Business Bank Recent SBA Loans
BB & T - Branches- Pigeon Forge  
Citizen National Bank  
Home Federal Bank - Branches- Trust Department- Sevier County Offices- Pigeon F  
Mountain National Bank - Pigeon Forge Office  

SBA Lenders for Pigeon Forge Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Community W. Bank
Woodstock, GA
1
United Community Bank
Blairsville, GA
1

Pigeon Forge Bank Loan Tips

Prior to reaching out to lenders to get 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.

Being able to present a well-written business plan is an important prerequisite. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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 these banks 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 deeply committed to providing advice to small business owners, and we have a lot of useful articles about to Raising Money. For example, we recommend you read 504 Loans.

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