Tips for Getting a Business Loan in Greensboro, NC

[Tercool]

I wanted to share some insights (and get your input too) on how to go about how to get a business loan in Greensboro NC. I recently went through the process myself and learned a few things that might help others starting or expanding their businesses. First off, local banks like First National Bank, Truist, and Pinnacle Financial have small business loan programs, but I found that credit unions, like Summit Credit Union, are more flexible with new businesses or those with less-than-perfect credit. It's worth calling around and asking about their small business lending options. Also, the North Carolina Small Business and Technology Development Center (SBTDC) and the Greensboro Chamber of Commerce both offer free business counseling and can help you prepare a business plan—something every lender will ask for. If you're just starting out and don't need a huge amount, look into microloans from organizations like Thread Capital or Self-Help Credit Union. They're focused on helping small businesses grow, especially in underserved communities.