Winston-salem, North Carolina Small Business Loans

Getting a business loan in Winston-salem, North Carolina seems challenging at first, but we're here to help you get started.

If you are planning on applying for a small business loan and your business is based in Winston-salem, North Carolina, we've assembled a list of local small business banks that you should contact.

Local Winston-salem Lenders

Without further adieu, here's our list of small business banks in Winston-salem.

Small Business Bank	Recent SBA Loans
Lsb
Southern Commun Finan Corp	2

SBA Lenders for Winston-salem Businesses

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

Small Business Bank	Recent SBA Loans
Amer Express Centurion Bk Salt Lake City, UT	1
Bank Of America Charlotte, NC	13
Bank Of Granite Charlotte, NC	1
Branch Bank & Trust Atlanta, GA	1
Branch Bank & Trust Winston Salem, NC	4
Business Loan Center, LLC New York, NY	2
Business Loan Center, LLC Panama City Beach, FL	3
Capital One Mclean, VA	4
Cit Small Business Lending Corp Livingston, NJ	6
Comerica Bank Dallas, TX	2
Community So. Bank D.b.a Commun Parsons, TN	1
Community W. Bank Goleta, CA	1
First-citizens Bank & Trust Raleigh, NC	2
First-citizens Bank & Trust Winston Salem, NC	1
Innovative Bank Oakland, CA	8
Mechanics And Farmers Bank Durham, NC	1
Self-help Cu Durham, NC	3
Self-help Cu Greensboro, NC	1
Small Business Loan Source LLC Houston, TX	1
Southern Commun Bank & Tr Winston Salem, NC	5
Superior Financial Group, LLC Walnut Creek, CA	5
Surrey Bank & Trust Mount Airy, NC	16
Truliant Fcu Winston Salem, NC	1
Wachovia Bank Charlotte, NC	5
Wachovia SBA Lending, Inc. Roseville, CA	3

Winston-salem Bank Loan Tips

As a prerequisite to reaching out to banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 your individual retirement account or pension plan. 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 read up on 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 aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Find Start-Up Capital.

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