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

Business Loan Hanson, Massachusetts

 
Loan Census SBA Loan Info

Raising money in Hanson, Massachusetts? If so, you'll want to talk to some of these small business lenders in Hanson.

These materials were prepared for small business owners in Hanson, Massachusetts who are interested in getting a small business loan.

Local Hanson Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Hanson.

Small Business Bank Recent SBA Loans
Abington Savings Bank  
Mutual Federal Savings  
Rockland Trust  

Lenders for Hanson Businesses

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

Small Business Bank Recent SBA Loans
Rockland Trust Company
Rockland, MA
4
Sovereign Bank
Villanova, PA
3

Tips for Getting a Business Loan in Hanson

Before reaching out to banks for a loan, you will need to have a specific plan.

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 essential. If the financing 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 guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

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 are SBA lenders. Before you sit down to talk with a small business banker, you may want to do your homework 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 the ball rolling, we recommend you read Business Line of Credit.

More Business Lender Lists for Massachusetts Cities
Get a Business Loan in Greenfield
Get a Business Loan in Haverhill

Browse All Business Loan Sources for Massachusetts