Small Business Financing Staunton VA

Looking for Small Business Financing in Staunton? We have compiled a list of businesses and services around Staunton that should help you with your search. We hope this page helps you find Small Business Financing in Staunton.

Lynn Diveley
Diveley Lind & Associates LLC
(540) 363-2275
PO Box 128
Ft. Defiance, VA
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Retirement Planning & Distribution Rules, Charitable Giving - Trusts & Foundations, Investment Advice without Ongoing Management
Certifications
NAPFA Registered Financial Advisor, CFP®

Mr. David K. Henderson, CFP®
(540) 887-8300
PO Box 2605
Staunton, VA
Firm
The Henderson Group
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Estate Planning, Intergenerational Planning, Investment Planning, Life Transitions
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided By:
Mr. David L. Elmore, CFP®
(540) 943-4193
230 S Wayne Ave
Waynesboro, VA
Firm
LPL Financial
Areas of Specialization
Accounting, Asset Allocation, Charitable Giving, Comprehensive Financial Planning, Employee and Employer Plan Benefits, Estate Planning, Insurance Planning

Data Provided By:
Mr. Bruce F. Hamrick, CFP®
(540) 943-9535
216 Morgan Ct
Waynesboro, VA
Firm
Hamrick Financial Services

Data Provided By:
SunTrust Bank
(540) 887-0174
2-14 West Beverley Street
Staunton, VA
Type
ATM, Branch, Investment Center, Drive-Thru, Weekend Hours
Office Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 9-6
Tuesday: 9-6
Wednesday: 9-6
Thursday: 9-6
Friday: 9-6 Weekend: 9-12

Ms. Linnea J. Spradlin, CFP®
(540) 213-7247
24 S. Augusta Street
Staunton, VA
Firm
StellarOne Bank

Data Provided By:
Mr. Joseph I. Rosenberger, CFP®
(540) 932-2239
17 Stoneridge Dr
Waynesboro, VA
Firm
Rosenberger Financial Services

Data Provided By:
Mr. Michael L. Moles, CFP®
(540) 943-9924
4581 Stuarts Draft Hwy
Waynesboro, VA
Firm
Ameriprise Financial Services,

Data Provided By:
Bank of America - Staunton
(540) 332-3100
1 West Frederick Street
Staunton, VA
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Braille, Accepts Deposits, Drive Up
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5:30
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5:30
Saturday Closed
Sunday Closed

Wells Fargo - Waynesboro
(540) 932-2100
216 S Wayne Ave
Waynesboro, VA
Type
Branch
Office Hours
Mon-Thu 09:00 AM-05:00 PM
Fri 09:00 AM-06:00 PM
Sat-Sun Closed

Data Provided By:

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

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