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December 24, 2024  
 
 
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Business Loan Lindenwold, New Jersey

 
Loan Census SBA Loan Info

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

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

Business Loan Providers for Lindenwold Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
2
Business Loan Center, LLC
New York, NY
1
Cit Small Business Lending Corp
Livingston, NJ
2
Commerce Bank
Bensalem, PA
1
Commerce Bank
Devon, PA
1
Commerce Bank
Philadelphia, PA
6
Greater Community Bank
Totowa, NJ
1
Interchange Finan Services Cor
Saddle Brook, NJ
1
Pnc Bank, National Association
Pittsburgh, PA
1
Sun National Bank
Vineland, NJ
1
The Bank
Woodbury, NJ
1
Valley National Bank
North Plainfield, NJ
1

Tips for Getting a Business Loan in Lindenwold

Prior to reaching out to banks to get 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, describe what the money will finance, 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 loan is to for an existing business, 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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 get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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