Ocean View, New Jersey Small Business Loans

Local Ocean View Lenders

To assist you in finding a small business banker, here's our list of small business banks in Ocean View.

Banks that Lend to Ocean View Businesses

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

Ocean View Bank Loan Tips

As a prerequisite to contacting banks for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 secure the business 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 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

Our Gaebler.com site is devoted to aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.