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

Brewster, Massachusetts Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Brewster, Massachusetts? If so, you'll want to talk to some of these small business lenders in Brewster.

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

Local Brewster Business Lenders

Without further adieu, here's our list of small business banks in Brewster.

Small Business Bank Recent SBA Loans
Cape Cod Five Cents Savings Bank  

SBA Lenders for Brewster Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
3
Business Lenders, LLC
Hartford, CT
1
Cape Cod Five Cents Savings Bk
Harwich Port, MA
1
Capital One
Mclean, VA
1
Rbs Citizens
Boston, MA
3
Rbs Citizens
Providence, RI
6
Sovereign Bank
Orleans, MA
1
Td Banknorth
Boston, MA
1
Td Banknorth
Harwich Port, MA
1
Td Banknorth
Hyannis, MA
1
Td Banknorth
Portland, ME
1
The Community Bank
Brockton, MA
1

Brewster Bank Loan Tips

Prior to meeting with banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 how you intend to to pay the money back to the bank.

A well-defined business plan is is critically important. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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 stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to get up to speed 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Massachusetts
Get a Business Loan in Braintree
Get a Business Loan in Bridgewater

Browse All Business Loan Sources for Massachusetts