Bank Financing

Banks lend to businesses that have a clear record of profitable operations, that generate a cash flow sufficient to repay the loan, and that have enough collateral or assets to secure the loan. A clean credit record for both the company and the principals of the company is mandatory.  Loans can be in the form of traditional loans, asset based lending, or lines of credit and will carry interest charges and usually repayment over a specified time frame.  Most start-up companies do not qualify for traditional bank financing unless the founder has the personal net worth and income to guarantee the loan. Many banks participate in Government programs such as SBA and USDA Loans.

Bank Financing Resources

The sources of capital financing, the names of the individual businesses listed and any external links provided on this web site ("Resources") are for general resource information and navigation purposes only.  The Economic Development Corporation of Sarasota County does not in any way endorse or recommend any of these Resources, and makes no guarantee as to the accuracy of information or quality of the services provided by any of the Resources.  It is strongly recommended that the User conduct a thorough investigation before entering any business relationship.