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

Elmer, New Jersey Business Loan

 
Loan Census SBA Loan Info

Looking for a Elmer, 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.

We wrote this article for small business owners in Elmer, New Jersey who are interested in getting debt financing.

Local Elmer Business Lenders

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

Small Business Bank Recent SBA Loans
Century Savings Bank  
First National Bank of Elmer  
Pennsville National Bank  

Lenders for Elmer Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Star Business & Indust Devel
Ardmore, PA
1
Unity Bank
Clinton, NJ
1

Elmer Business Loan Advice

Before meeting with banks 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, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the loan is to for a going concern, 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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. For starters, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Elizabeth
Get a Business Loan in Elmwood Park

Browse All Business Loan Sources for New Jersey