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December 24, 2024  
 
 
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Small Business Lenders in Upton, Massachusetts

 
Loan Census SBA Loan Info

Looking for a Upton, Massachusetts small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are hoping to get a small business loan and your business is based in Upton, Massachusetts, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Upton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
3
Middlesex Savings Bank
Natick, MA
1
Milford National Bank & Trust
Milford, MA
2
Rbs Citizens
Providence, RI
2
Stearns Bank
Saint Cloud, MN
1
Unibank For Savings
Whitinsville, MA
2
Ups Capital Business Credit
Windsor, CT
1

Business Loan Advice for Upton Businesses

Prior to reaching out to banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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 the banks in our list 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

Business Loan Sources for Other Cities in Massachusetts
Get a Business Loan in Taunton
Get a Business Loan in Wakefield

Browse All Business Loan Sources for Massachusetts