Seaford, New York Small Business Loans

Local Seaford Lenders

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

SBA Lenders for Seaford Businesses

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

Seaford Bank Loan Tips

Before meeting with 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.

Having a business plan is essential. If the money is to for an existing business, 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 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.

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If you are new to our Gaebler.com site, you should know that we are deeply committed to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, we recommend you read Business Credit Evaluation.