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

Small Business Lenders in Cedarville, New Jersey

 
Loan Census SBA Loan Info

Looking for a Cedarville, New Jersey small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Other Lending Resources for Cedarville Businesses

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

Small Business Bank Recent SBA Loans
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Pnc Bank, National Association
Pittsburgh, PA
2

Business Loan Advice for Cedarville Businesses

Before meeting with lenders to discuss getting 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 lender.

Having a business plan is an important prerequisite. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 secure the business 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 do your homework 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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