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

Cohasset, Massachusetts Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Cohasset, Massachusetts! If that's what's on your mind, you've come to the right place.

This article is written specifically for entrepreneurs in Cohasset, Massachusetts who are interested in getting a bank loan.

Local Cohasset Lenders

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

Small Business Bank Recent SBA Loans
Hingham Institution for Savings - Cohasset Branch  
Pilgrim Co-Operative Bank  
Rockland Trust  
Sovereign Bank  

Lenders for Cohasset Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
1
Boston Private Bank & Trust
Boston, MA
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Rbs Citizens
Providence, RI
5
Rockland Trust Company
Rockland, MA
1
Sovereign Bank
Dorchester, MA
2
Sovereign Bank
Wyomissing, PA
2
Wainwright Bank & Trust
Boston, MA
1

Cohasset Business Loan Advice

Before contacting lenders to get 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, define how the money will be used, and show your ability to pay the money back to the lender.

A well-defined business plan is is critically important. If the capital 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 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 these banks are SBA lenders. 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 started, we recommend you read Only Idiots Send Venture Capitalists Business Plans.

Business Loan Sources for Other Cities in Massachusetts
Get a Business Loan in Clinton
Get a Business Loan in Danvers

Browse All Business Loan Sources for Massachusetts