These materials were prepared for small business proprietors in Englishtown, New Jersey who are interested in getting debt financing.
Local Englishtown Business Loan Sources
Without further adieu, here's our list of small business banks in Englishtown.
Small Business Bank |
Recent SBA Loans |
1st Metropolitan Mortgage |
|
Amboy National Bank |
|
Ameriloan Capital LLC |
|
Atm Reps Inc |
|
Columbia Bank |
|
North Fork Bank |
|
Soverign Bank |
|
Lenders for Englishtown Businesses
This is a list of banks outside of Englishtown, New Jersey that have provided SBA loans to Englishtown businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
1st Constitution Bank
Cranbury, NJ |
3 |
Bank Of America
Charlotte, NC |
4 |
Bank Of America
Providence, RI |
9 |
Branch Bank & Trust
Winston Salem, NC |
1 |
Capital One
Mclean, VA |
1 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Columbia Bank
Paramus, NJ |
1 |
Hsbc Bank Usa
Buffalo, NY |
1 |
Pnc Bank, National Association
Philadelphia, PA |
4 |
Pnc Bank, National Association
Pittsburgh, PA |
7 |
Pnc Bank, National Association
Somerset, NJ |
3 |
Sovereign Bank
Villanova, PA |
2 |
The Bank
Windsor, NJ |
1 |
Unity Bank
Clinton, NJ |
1 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Washington Mutual Bank
Henderson, NV |
1 |
Wells Fargo Bank
San Jose, CA |
1 |
Tips for Getting a Business Loan in Englishtown
Before reaching out to lenders to discuss getting 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 your ability to pay the money back to the lender.
Having a business plan is essential. If the bank loan is to for a going concern, 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 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 read up on 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 information pertaining to to Raising
Money. For example, we would suggest you read Realistic Debt Financing Options.
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