Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Northfield, New Jersey

 
Loan Census SBA Loan Info

Getting a business loan in Northfield, New Jersey seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Northfield, New Jersey, we've assembled a list of local small business banks that you should contact.

Local Northfield Banks

To help you learn more about local small business lenders, here's our list of small business banks in Northfield.

Small Business Bank Recent SBA Loans
ATM Reps Inc  
Bank of New York  
Commerce Bank  

Business Loan Providers for Northfield Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
2
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
2
Commerce Bank
Philadelphia, PA
13
Hsbc Bank Usa
Buffalo, NY
1
Pnc Bank, National Association
Philadelphia, PA
2
Rbs Citizens
Providence, RI
1
Sun National Bank
Vineland, NJ
1
Unity Bank
Clinton, NJ
1
Valley National Bank
Little Silver, NJ
1
Valley National Bank
North Plainfield, NJ
1
Wells Fargo Bank
San Jose, CA
1
Woori America Bank
New York City, NY
1

Business Loan Advice for Northfield Businesses

Prior to meeting with banks for a 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 how you plan to pay the loan back to the bank.

A well-defined business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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. Before you sit down to talk with a small business banker, 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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