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December 24, 2024  
 
 
  Business Loan Information  
 

Gibbsboro, New Jersey Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Gibbsboro, New Jersey who are interested in getting a bank loan.

Local Gibbsboro Lending Resources

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

Small Business Bank Recent SBA Loans
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Banks that Lend to Gibbsboro Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Td Banknorth
Mahwah, NJ
1
Washington Mutual Bank
Henderson, NV
1

Gibbsboro Business Loan Advice

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. 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 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, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 are SBA lenders. Before you sit down to talk with a small business 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

If you are new to our Gaebler.com site, you should know that we are passionate about providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we recommend you read 504 Loans.

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