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

Haworth, New Jersey Business Loan

 
Loan Census SBA Loan Info

Looking for a Haworth, 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 Haworth, New Jersey who are interested in getting debt financing.

Local Haworth Banks

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

Small Business Bank Recent SBA Loans
Dime Saving Bank of New York FSB  

Lenders for Haworth Businesses

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

Small Business Bank Recent SBA Loans
1st Constitution Bank
Cranbury, NJ
1
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
1
Commerce Bank
Philadelphia, PA
2
Commerce Bank/north
Ramsey, NJ
1
Hsbc Bank Usa
Syracuse, NY
1

Haworth Business Loan Advice

Prior to meeting with banks for a 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 how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the financing 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, you will likely be asked 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 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 these banks 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

More Business Loan Info for New Jersey
Get a Business Loan in Hasbrouck Heights
Get a Business Loan in Hawthorne

Browse All Business Loan Sources for New Jersey