If you are hoping to get a small business loan and your business is based in Ponte Vedra Beach, Florida, we've assembled a list of local small business banks that you should contact.
Local Ponte Vedra Beach Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Ponte Vedra Beach.
Small Business Bank |
Recent SBA Loans |
Atlantic States Bank |
|
Bank of America |
|
Business Loan Providers for Ponte Vedra Beach Businesses
This is a list of banks outside of Ponte Vedra Beach, Florida that have provided SBA loans to Ponte Vedra Beach businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Amer Enter. Bank - Florida
Jacksonville, FL |
1 |
Bank Of America
Charlotte, NC |
11 |
Branch Bank & Trust
Winston Salem, NC |
2 |
Capital One
Mclean, VA |
1 |
Centerbank - Jacksonville
Jacksonville, FL |
2 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Compass Bank
Birmingham, AL |
2 |
First Coast Community Bank
Fernandina Beach, FL |
1 |
First Guaranty Bank & Trust - Ja
Jacksonville, FL |
1 |
Ironstone Bank
Norcross, GA |
1 |
Mercantile Bank, A Division Of
Orlando, FL |
1 |
Business Loan Advice for Ponte Vedra Beach Businesses
As a prerequisite to contacting banks to get a bank loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.
Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, 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 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 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. Prior to visiting local banks, 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
Take the time to learn as much as you can about Raising
Money. To get the ball rolling, we suggest you read
504 Loans.
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