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December 19, 2024  
 
 
  Business Loan Information  
 

Business Loan Horseheads, New York

 
Loan Census SBA Loan Info

Looking for a Horseheads, New York 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.

These materials were prepared for entrepreneurs in Horseheads, New York who are interested in getting a bank loan.

Local Horseheads Banks

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

Small Business Bank Recent SBA Loans
Bath National Bank  
Elmira Savings Bank  

SBA Lenders for Horseheads Businesses

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

Small Business Bank Recent SBA Loans
Alternatives Fcu
Ithaca, NY
1
Bank Of America
Providence, RI
1
Capital One
Mclean, VA
2
Chemung Canal Trust Company
Elmira, NY
6
Commerce Bank
Philadelphia, PA
1
Community Bank
Canton, NY
1
Community Bank
Elmira, NY
4
Corning Fcu
Corning, NY
2
Five Star Bank
Bath, NY
1
Haven Trust Bank
Duluth, GA
1
Hsbc Bank Usa
Buffalo, NY
6
Lehman Brothers Bank, FSB
Boston, MA
1
Manufacturers & Traders Trust
Amherst, NY
2
Manufacturers & Traders Trust
Buffalo, NY
1
Manufacturers & Traders Trust
Utica, NY
2
The Elmira Savings Bank, FSB
Elmira, NY
4
Tioga State Bank
Owego, NY
1
Visions Fcu
Endicott, NY
2

Tips for Getting a Business Loan in Horseheads

As a prerequisite to reaching out to lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the money back to the lender.

A well-defined business plan is an important prerequisite. If the capital is to for an existing business, 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, the bank may ask you to to pledge your personal assets, such as your individual retirement account or pension plan. 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 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

Our Gaebler.com site is passionate about helping entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Business Line of Credit.

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