We wrote this article for entrepreneurs in New Bedford, Massachusetts who are interested in getting debt financing.
Local New Bedford Lenders
To assist you in finding a small business banker, here's our list of small business banks in New Bedford.
Small Business Bank |
Recent SBA Loans |
BCP Bank |
|
Citizens Bank - Branch Offices- Fairhaven |
|
Citizens Bank - Branch Offices- New Bedford |
|
Citizens Bank - Supermarket Branches- Stop & Shop |
|
Citizens-Union Savings Bank |
|
Compass Bank |
|
Eastern Bank |
|
Espirito Santo E Commercial de Lisboa Inc |
|
First Citizens' Federal Credit Ion |
|
First Federal Savings Bank |
|
LUZO Community Bank - Branch OFC |
|
Sovereign Bank |
20 |
St Anne Credit Union |
|
Totta & Acores Inc |
|
Webster Bank |
8 |
Business Loan Providers for New Bedford Businesses
Be sure to speak with bankers outside of New Bedford, Massachusetts. These banks, in the table below, have lent to other New Bedford small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
Small Business Bank |
Recent SBA Loans |
Bank - Fall River A Co-operati
Fall River, MA |
4 |
Bank Of America
Charlotte, NC |
8 |
Bank Of America
Providence, RI |
27 |
Bankfive
Fall River, MA |
7 |
Business Loan Center, LLC
New York, NY |
1 |
Capital One
Mclean, VA |
3 |
Cit Small Business Lending Corp
Livingston, NJ |
2 |
Coastway Cu
Cranston, RI |
1 |
Eastern Bank
Boston, MA |
4 |
Home Loan Invest Bank F.s.b.
Warwick, RI |
4 |
Independence Bank
East Greenwich, RI |
4 |
Innovative Bank
Oakland, CA |
1 |
Millennium Bcpbank
Newark, NJ |
1 |
Rbs Citizens
Boston, MA |
32 |
Rbs Citizens
Norwood, MA |
3 |
Rbs Citizens
Providence, RI |
71 |
Rockland Trust Company
Rockland, MA |
1 |
Slade's Ferry Trust Company
Fairhaven, MA |
1 |
Slade's Ferry Trust Company
Somerset, MA |
1 |
Sovereign Bank
Boston, MA |
2 |
Sovereign Bank
Dorchester, MA |
2 |
Sovereign Bank
Villanova, PA |
7 |
Sovereign Bank
Wyomissing, PA |
2 |
Td Banknorth
Portland, ME |
1 |
Ups Capital Business Credit
Boston, MA |
1 |
Ups Capital Business Credit
Windsor, CT |
3 |
Wachovia SBA Lending, Inc.
Roseville, CA |
2 |
Webster Bank
New Britain, CT |
1 |
Webster Bank
New Haven, CT |
2 |
Webster Bank
Waterbury, CT |
3 |
Tips for Getting a Business Loan in New Bedford
Borrowing money is one of the most common sources of funding for a small business, but obtaining a loan requires a fair amount of work.
Improve your odds by talking to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.
Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
Gaebler.com Advice on Raising Money
Our Gaebler.com site is dedicated to aiding small business owners, and we have a
lot of information pertaining to to Raising
Money. To learn more, we recommend you read 504 Loans.
Business Loan Sources for Other Cities in Massachusetts
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