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December 24, 2024  
 
 
  Business Loan Information  
 

Business Loan Lawrenceville, New Jersey

 
Loan Census SBA Loan Info

Small business loans in Lawrenceville, New Jersey are available. You just need to talk to the right bank.

This article is written specifically for small business proprietors in Lawrenceville, New Jersey who are interested in getting debt financing.

Local Lawrenceville Business Lenders

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

Small Business Bank Recent SBA Loans
Corestates Bank  
Sun National Bank 1

Lenders for Lawrenceville Businesses

This is a list of banks outside of Lawrenceville, New Jersey that have provided SBA loans to Lawrenceville 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
5
Bank Of America
Providence, RI
2
Comerica Bank
Dallas, TX
1
Commerce Bank
Philadelphia, PA
7
Commerce Bank/north
Ramsey, NJ
1
Hopewell Valley Community Bank
Pennington, NJ
1
National Penn Bank
Kingston, PA
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
5
Pnc Bank, National Association
Somerset, NJ
2
Sovereign Bank
Wyomissing, PA
2
Sun National Bank
Vineland, NJ
2
The Bank
Windsor, NJ
2
The Bank
Woodbury, NJ
2
Unity Bank
Clinton, NJ
3
Ups Capital Business Credit
Windsor, CT
1
Valley National Bank
North Plainfield, NJ
2
Wachovia Bank
Charlotte, NC
1

Tips for Getting a Business Loan in Lawrenceville

As a prerequisite to meeting with lenders to get a bank 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 lender.

Having a business plan is is critically important. If the capital is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 pledge 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 these banks are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Borrowing Money from Friends and Family.

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