Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Business Loan Lockport, New York

 
Loan Census SBA Loan Info

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

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.

Small Business Bank Recent SBA Loans
Canalside Financial Inc  
Canandaigua National Bank  
Charter One Bank - Branch  
Charter One Bank - In-Store Tops- Lockport  
Coldwell Banker Boyd & Talarico Real Estate  
First Niagara Bank 444
First Niagara Finan Group Inc 1
Firstniagara  
Hsbc Bank Usa 1

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.

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