Small Business Lenders in Livingston Manor, New York

Local Livingston Manor Business Lenders

Without further adieu, here's our list of small business banks in Livingston Manor.

SBA Lenders for Livingston Manor Businesses

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

Business Loan Advice for Livingston Manor Businesses

Prior to reaching out to lenders for a 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, define how the money will be used, and show how you intend to to pay the money back to the lender.

Being able to present a well-written business plan is an important prerequisite. 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 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

Our Gaebler.com site is devoted to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.