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

Small Business Lenders in Point Pleasant, New Jersey

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Point Pleasant, New Jersey, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for Point Pleasant Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
9
Bnb Bank, National Association
Fort Lee, NJ
1
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Flemington, NJ
2
Commerce Bank
Philadelphia, PA
5
Commerce Bank
Toms River, NJ
6
Pnc Bank, National Association
Pittsburgh, PA
1
Pnc Bank, National Association
Somerset, NJ
4
Sovereign Bank
Wyomissing, PA
1
Sun National Bank
Vineland, NJ
1
The Bank
Woodbury, NJ
1

Business Loan Advice for Point Pleasant Businesses

As a prerequisite to contacting lenders 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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