Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Moonachie, New Jersey Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Moonachie, New Jersey! If that's what's on your mind, you've come to the right place.

These materials were prepared for small business proprietors in Moonachie, New Jersey who are interested in getting a small business loan.

Other Lending Resources for Moonachie Businesses

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

Small Business Bank Recent SBA Loans
Towne Center Bank A Division
Lodi, NJ
1
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
3
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Philadelphia, PA
1
Hsbc Bank Usa
Syracuse, NY
2
Jpmorgan Chase Bank
Houston, TX
1
New Millennium Bank
New Brunswick, NJ
2
Pnc Bank, National Association
Philadelphia, PA
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Ups Capital Business Credit
Windsor, CT
1
Valley National Bank
North Plainfield, NJ
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Moonachie Business Loan Advice

As a prerequisite to meeting with 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Having a business plan is essential. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

If you are new to our Gaebler.com site, you should know that we are passionate about providing advice to small business owners, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we recommend you read Realistic Debt Financing Options.

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