Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Wildwood, Florida

 
Loan Census SBA Loan Info

Getting a business loan in Wildwood, Florida seems challenging at first, but we're here to help you get started.

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

Local Wildwood Business Lenders

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

Small Business Bank Recent SBA Loans
ATM USA  

SBA Lenders for Wildwood Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Fifth Third Bank
Grand Rapids, MI
1
Pnc Bank, National Association
Pittsburgh, PA
2

Business Loan Advice for Wildwood Businesses

Before contacting banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 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. Before meeting with the 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Angel Investors.

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