If you are looking for a small business loan and your business is based in Milford, New Hampshire, we've assembled a list of local small business banks that you should contact.
Local Milford Banks
To assist you in finding a small business banker, here's our list of small business banks in Milford.
Small Business Bank |
Recent SBA Loans |
Bank of New Hampshire - Banking Centers |
|
Citizens Bank - Branches- Milford |
|
Granite Bank |
1 |
Ocean Bank |
1 |
Ocean National Bank |
|
Retriever |
|
Td Banknorth |
1 |
SBA Lenders for Milford Businesses
This is a list of banks outside of Milford, New Hampshire that have provided SBA loans to Milford businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
2 |
Bank Of America
Providence, RI |
1 |
Bank Of New England
Bedford, NH |
1 |
Capital One
Mclean, VA |
1 |
Centrix Bank & Trust
Bedford, NH |
1 |
Ocean Bank
Portsmouth, NH |
4 |
Rbs Citizens
Manchester, NH |
2 |
Rbs Citizens
Norwood, MA |
1 |
Rbs Citizens
Providence, RI |
13 |
Sovereign Bank
Villanova, PA |
2 |
Td Banknorth
Manchester, NH |
2 |
Td Banknorth
Portland, ME |
5 |
Wachovia SBA Lending, Inc.
Roseville, CA |
1 |
Business Loan Advice for Milford Businesses
Prior to contacting lenders 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.
Being able to present a well-written business plan is an important prerequisite. If the bank 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 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 deeply committed to providing advice to entrepreneurs, and we have a
lot of useful articles about to Raising
Money. For example, one article that might be of interest to you is Getting a Small Business Loan.
More Business Loan Info for New Hampshire
Get a Business Loan in Manchester
Get a Business Loan in Nashua
Browse All Business Loan Sources for New Hampshire