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November 14, 2024  
 
 
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Small Business Lenders in Milton, Massachusetts

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Milton, Massachusetts, we've put together a list of local small business banks that you should contact.

Local Milton Banks

Without further adieu, here's our list of small business banks in Milton.

Small Business Bank Recent SBA Loans
Century Bank - Account Line 24 Hour System  
Citizens Bank - Branches- Milton  
Coldwell Banker Hunneman - Area Real Estate Offices- Milton  
Sovereign Bank - Branch Office- Milton  

Other Lending Resources for Milton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
5
Capital One
Mclean, VA
1
Eastern Bank
Boston, MA
1
Rbs Citizens
Boston, MA
7
Rbs Citizens
Providence, RI
14
Sovereign Bank
Villanova, PA
3

Business Loan Advice for Milton Businesses

Before reaching out to lenders to get a bank loan, you will need to develop the specifics of your loan request.

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 lender.

A well-defined business plan is essential. 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 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 your individual retirement account or pension plan. 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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