This article is written specifically for entrepreneurs in Seaside Heights, New Jersey who are interested in getting a small business loan.
Local Seaside Heights Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Seaside Heights.
Small Business Bank |
Recent SBA Loans |
ATM Reps Inc |
|
Shore Community Bank |
|
Sovereign Bank |
|
Other Lending Resources for Seaside Heights Businesses
This is a list of banks outside of Seaside Heights, New Jersey that have provided SBA loans to Seaside Heights businesses. Some of these may be national banks with local branch locations.
Tips for Getting a Business Loan in Seaside Heights
Before contacting lenders to get a bank loan, you will need to have a specific plan.
You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.
A well-defined business plan is is critically important. If the capital is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 the equity in your home. 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 are SBA lenders. Before you sit down to talk with a small business 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
If you are serious about Raising
Money, you need to learn as much as you can. If you haven't read it
already, we recommend you review
How Equity Dilution Works.
More Business Lender Lists for New Jersey Cities
Get a Business Loan in Scotch Plains
Get a Business Loan in Secaucus
Browse All Business Loan Sources for New Jersey