Business Loan Coxsackie, New York

Local Coxsackie Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Coxsackie.

Banks that Lend to Coxsackie Businesses

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

Tips for Getting a Business Loan in Coxsackie

Prior to 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the bank loan 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 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 secure the business 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 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

Gaebler.com is a site that is deeply committed to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read Business Incubators.