Business Loan Riverton, New Jersey

Local Riverton Lenders

Without further adieu, here's our list of small business banks in Riverton.

Other Lending Resources for Riverton Businesses

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

Tips for Getting a Business Loan in Riverton

Before meeting with banks to discuss getting a bank 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, define how the money will be used, and show how you intend to to pay the money back to the bank.

Having a business plan is an important prerequisite. If the financing 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 pledge your personal assets, such as your individual retirement account or pension plan. The banks will check on your personal credit history 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. Before meeting with the banker, you may want to get up to speed 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

Gaebler.com is a site that is dedicated to aiding small business owners, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.