Stanardsville, Virginia Business Loan

Local Stanardsville Business Lenders

Without further adieu, here's our list of small business banks in Stanardsville.

Business Loan Providers for Stanardsville Businesses

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

Stanardsville Business Loan Advice

Prior to meeting with lenders for a loan, you will need to determine exactly what size loan you will be asking for.

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 how you plan to pay the loan back to the lender.

Having a 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. 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 are SBA lenders. Before meeting with the banker, 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

If you are new to our Gaebler.com site, you should know that we are passionate about supporting small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read 504 Loans.