These materials were prepared for entrepreneurs in Lockport, New York who are interested in getting debt financing.
Local Lockport Lenders
To assist you in finding a small business banker, here's our list of small business banks in Lockport.
Other Lending Resources for Lockport Businesses
This is a list of banks outside of Lockport, New York that have provided SBA loans to Lockport businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of Akron
Akron, NY |
1 |
Capital One
Mclean, VA |
5 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Commerce Bank
Flemington, NJ |
1 |
First Niagara Bank
Buffalo, NY |
1 |
Five Star Bank
Warsaw, NY |
2 |
Hsbc Bank Usa
Buffalo, NY |
14 |
Hsbc Bank Usa
Syracuse, NY |
7 |
Keybank National Association
Brooklyn, OH |
1 |
Keybank National Association
Cleveland, OH |
8 |
Manufacturers & Traders Trust
Amherst, NY |
5 |
Manufacturers & Traders Trust
Buffalo, NY |
10 |
Rbs Citizens
Cleveland, OH |
1 |
Rbs Citizens
Providence, RI |
39 |
Steuben Trust
Hornell, NY |
1 |
Valley National Bank
North Plainfield, NJ |
3 |
Tips for Getting a Business Loan in Lockport
As a prerequisite to contacting lenders for a loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.
A well-defined business plan is essential. If the financing is to for an existing business, 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 you cannot repay the loan.
If the business has few assets, you will likely be asked to to guarantee the loan with 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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 planning on Raising
Money, you need to learn as much as you can. If you haven't read it
already, we recommend you review
504 Loans.
Business Loan Sources for Other Cities in New York
Get a Business Loan in Little Falls
Get a Business Loan in Long Beach
Browse All Business Loan Sources for New York