Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

Plainville, Connecticut Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Plainville, Connecticut who are interested in getting a small business loan.

Local Plainville Lenders

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

Small Business Bank Recent SBA Loans
Atlantic Business Machines  
Banknorth Connecticut - Banking Centers  
Farmington Savings Bank 6
Farnmington Savings Bank  
United Business & Industry Federal Credit Union  
Webster Bank  

Banks that Lend to Plainville Businesses

This is a list of banks outside of Plainville, Connecticut that have provided SBA loans to Plainville 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
7
Business Lenders, LLC
Hartford, CT
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Farmington Savings Bank
Bristol, CT
4
Farmington Savings Bank
Farmington, CT
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Ncb, FSB
Hillsboro, OH
1
Rbs Citizens
Providence, RI
1
Sovereign Bank
Villanova, PA
3
Td Banknorth
Mahwah, NJ
1
Td Banknorth
Portland, ME
4
Ups Capital Business Credit
Windsor, CT
1
Webster Bank
Cheshire, CT
1
Webster Bank
New Haven, CT
6
Webster Bank
Waterbury, CT
3

Plainville Business Loan Advice

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 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 bank.

A well-defined business plan is is critically important. If the money is to for an existing 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 cash flow from the business does not meet your projections.

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 these banks participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

If you are new to our Gaebler.com site, you should know that we are dedicated to supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Realistic Debt Financing Options.

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