Loan Census Banking News and Information
December 29, 2024  
 
 
  Business Loan Information  
 

Lynbrook, New York Business Loan

 
Loan Census SBA Loan Info

Looking for a Lynbrook, New York small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

We wrote this article for small business proprietors in Lynbrook, New York who are interested in getting a small business loan.

Local Lynbrook Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Lynbrook.

Small Business Bank Recent SBA Loans
Citibank NA - Full Service Financial Centers- Nassau- Lynbrook  

SBA Lenders for Lynbrook Businesses

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

Small Business Bank Recent SBA Loans
1st Constitution Bank
Cranbury, NJ
1
Astoria Fed. S & L Association
Lake Success, NY
1
Banco Popular North America
New York City, NY
7
Bank Of America
Charlotte, NC
6
Bank Of America
Providence, RI
13
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
6
Citibank
Las Vegas, NV
1
Citibank
New York City, NY
2
Commerce Bank
Philadelphia, PA
9
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
6
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
5
Loan Source Incorporated
New York, NY
1
Manufacturers & Traders Trust
Buffalo, NY
1
Rbs Citizens
Providence, RI
1
Ups Capital Business Credit
Windsor, CT
2
Valley National Bank
North Plainfield, NJ
1
Washington Mutual Bank
Henderson, NV
1

Lynbrook Business Loan Advice

Before meeting with banks to discuss getting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure 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 look at your personal credit report 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. 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review How Equity Dilution Works.

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