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December 24, 2024  
 
 
  Business Loan Information  
 

Business Loan Middleboro, Massachusetts

 
Loan Census SBA Loan Info

Small business loans in Middleboro, Massachusetts are available. You just need to talk to the right bank.

This article is written specifically for entrepreneurs in Middleboro, Massachusetts who are interested in getting a bank loan.

Local Middleboro Banks

To assist you in finding a small business banker, here's our list of small business banks in Middleboro.

Small Business Bank Recent SBA Loans
Citizens Bank - Supermarket Branches- Stop & Shop  
First Pioneer Farm Credit ACA  
Hometown Mortgage Company  
Mayflower Bank  
Plymouth Bancorp, Inc 1
Plymouth Savings Bank  

Banks that Lend to Middleboro Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Commerce Bank
Philadelphia, PA
1
Eastern Bank
Boston, MA
1
Mayflower Co-operative Bank
Middleborough, MA
2
Rbs Citizens
Providence, RI
11
Rockland Trust Company
Rockland, MA
16
Sovereign Bank
Villanova, PA
2
The Bridgewater Cu
Bridgewater, MA
1

Tips for Getting a Business Loan in Middleboro

As a prerequisite to contacting lenders for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is is critically important. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to to secure the business 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 are SBA lenders. Prior to visiting local banks, you may want to do your homework 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 deeply committed to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read 504 Loans.

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