Pilot Mountain, North Carolina Business Loan

Local Pilot Mountain Lending Resources

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

Other Lending Resources for Pilot Mountain Businesses

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

Pilot Mountain Business Loan Advice

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

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 your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the loan 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 guarantee 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 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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

Gaebler.com is a site that is deeply committed to helping small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read How to Raise Money.