Rockledge, Florida Small Business Loans

Local Rockledge Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Rockledge.

Other Lending Resources for Rockledge Businesses

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

Rockledge Bank Loan Tips

Prior to contacting banks for a 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money 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 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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 dedicated to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Find Start-Up Capital.