You only have to be considering the idea of opening a business or researching the feasibility of a proposed profit making venture. The Central Virginia Small Business Development Center is located in Charlottesville and serves Albermarle County, Culpeper County, Fluvanna County, Green County, Louisa County, Madison County, Nelson County, Orange County, Rappahannock County, and the City of Charlottesville. Of course, you're able to access our homepage and its resource applications 24 hours a day, seven days a week. Counseling sessions are conducted on Tuesdays, Wednesdays and Thursdays. The kind of financing most entrepreneurs seek through commercial lenders is debt financing.
Most banks provide debt financing for existing and start-up businesses.
Banks vary substantially in their lending practices. While one bank may decline your loan application, another may be willing to take a higher risk or be interested in lending to small businesses. It is advisable to understand a bank's lending guidelines before applying for a loan. Consideration of the business idea, usually explained in a business plan 2. Credit history and personal financial net worth 5.