Small Business Lenders in Salem, Virginia

Local Salem Lenders

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

Lenders for Salem Businesses

Be sure to speak with bankers outside of Salem, Virginia. These banks, in the table below, have lent to other Salem small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Business Loan Advice for Salem Businesses

Getting a bank loan is one of the most common sources of funding for a small business, but obtaining a loan can be difficult.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.

Remember, before meeting with a banker, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Angel Investors.