Loan Census Banking News and Information
December 21, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Wake Forest, North Carolina

 
Loan Census SBA Loan Info

I need a loan for my business in Wake Forest, North Carolina! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Wake Forest, North Carolina, we've assembled a list of local small business banks that you should contact.

Local Wake Forest Business Lenders

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

Small Business Bank Recent SBA Loans
ATM USA  
BB & T - Raleigh Branches- Wake Forest- ATM Location- Wake Forest Br  
BEHR Process Corporation  
Capital Bank - Capital Bank Financial Services  
Capital Bank - Wake Forest Location  
Central Carolina Bank - Wake Forest Ofc- Wake County Locations- Wake Forest Of  
Central Carolina Bank - Wakefield Money Market OFC  
Suntrust Bank 2
The Fidelity Bank 5

Banks that Lend to Wake Forest Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
19
Branch Bank & Trust
Winston Salem, NC
2
Business Loan Center, LLC
New York, NY
1
Capital Bank
Asheville, NC
1
Capital One
Mclean, VA
7
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
3
Community W. Bank
Goleta, CA
2
Compass Bank
Birmingham, AL
2
First-citizens Bank & Trust
Raleigh, NC
1
Innovative Bank
Oakland, CA
1
New Century Bank
Dunn, NC
2
Pnc Bank, National Association
Pittsburgh, PA
1
Rbc Centura Bank
Raleigh, NC
1
Suntrust Bank
Cary, NC
1
Suntrust Bank
Richmond, VA
2
Superior Financial Group, LLC
Walnut Creek, CA
4
The Fidelity Bank
Fuquay Varina, NC
1
The Fidelity Bank
Raleigh, NC
1
Unity Bank
Clinton, NJ
1
Valley National Bank
North Plainfield, NJ
1
Wachovia Bank
Charlotte, NC
2
Wachovia SBA Lending, Inc.
Roseville, CA
2

Business Loan Advice for Wake Forest Businesses

Before meeting with banks to get a bank 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for an existing 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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. Before you sit down to talk with a small business banker, you may want to get up to speed 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 deeply committed to helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

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