Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Beach Haven, New Jersey

 
Loan Census SBA Loan Info

Small business loans in Beach Haven, New Jersey are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Beach Haven, New Jersey, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Beach Haven Businesses

This is a list of banks outside of Beach Haven, New Jersey that have provided SBA loans to Beach Haven businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of America
Providence, RI
5
Business Loan Center, LLC
Richmond, VA
1
Commerce Bank
Philadelphia, PA
2
Pnc Bank, National Association
Somerset, NJ
1
Td Banknorth
Mahwah, NJ
1
Unity Bank
Clinton, NJ
1

Business Loan Advice for Beach Haven Businesses

Prior to contacting banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 the equity in your home. 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 participate in the financial assistance programs available through the SBA. 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

Our Gaebler.com site is deeply committed to supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Bank Credit Lines.

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