These materials were prepared for small business owners in Brielle, New Jersey who are interested in getting a bank loan.
Local Brielle Lending Resources
To assist you in finding a small business banker, here's our list of small business banks in Brielle.
Small Business Bank |
Recent SBA Loans |
Fleet Bank |
|
Banks that Lend to Brielle Businesses
This is a list of banks outside of Brielle, New Jersey that have provided SBA loans to Brielle businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Brielle
As a prerequisite to contacting banks to get a bank loan, you will need to have a specific plan.
You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.
Being able to present a well-written business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.
If the business has few assets, the bank may ask you to to pledge your personal assets, such as the equity in your home. The banks will look at your personal credit report 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. To get the ball rolling, we suggest you read
Business Line of Credit.
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