If you are looking for a small business loan and your business is based in Browns Mills, New Jersey, we've put together a list of local small business banks that you should contact.
Local Browns Mills Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Browns Mills.
Other Lending Resources for Browns Mills Businesses
This is a list of banks outside of Browns Mills, New Jersey that have provided SBA loans to Browns Mills businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
1st Constitution Bank
Cranbury, NJ |
1 |
Bank Of America
Charlotte, NC |
2 |
Bank Of America
Providence, RI |
2 |
Business Loan Center, LLC
New York, NY |
1 |
Capital One
Mclean, VA |
1 |
Commerce Bank
Devon, PA |
1 |
Commerce Bank
Philadelphia, PA |
3 |
Hsbc Bank Usa
Buffalo, NY |
1 |
Pnc Bank, National Association
Philadelphia, PA |
1 |
Rbs Citizens
Providence, RI |
2 |
Sun National Bank
Vineland, NJ |
2 |
The Bank
Windsor, NJ |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Browns Mills Bank Loan Tips
Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.
You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.
Being able to present a well-written business plan is is critically important. If the bank loan is to for a company that is already doing business, 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 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 your individual retirement account or pension plan. 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 are SBA lenders. Before you sit down to talk with a small business 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.
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If you are serious about Raising
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Business Line of Credit.
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