If you are planning on applying for a small business loan and your business is based in West Long Branch, New Jersey, we've assembled a list of local small business banks that you should contact.
Business Loan Providers for West Long Branch Businesses
This is a list of banks outside of West Long Branch, New Jersey that have provided SBA loans to West Long Branch 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
Hackensack, NJ |
1 |
Bank Of America
Providence, RI |
3 |
Capital One
Mclean, VA |
1 |
Commerce Bank
Philadelphia, PA |
3 |
Commerce Bank
Toms River, NJ |
1 |
Jpmorgan Chase Bank
Houston, TX |
1 |
Pnc Bank, National Association
Philadelphia, PA |
1 |
Pnc Bank, National Association
Pittsburgh, PA |
1 |
Sovereign Bank
Villanova, PA |
1 |
Td Banknorth
Mahwah, NJ |
1 |
Valley National Bank
North Plainfield, NJ |
1 |
West Long Branch Bank Loan Tips
Before meeting with lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.
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 plan to pay the money back to the lender.
Having a business plan is is critically important. If the bank loan 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 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 stocks and bonds that you might own or life insurance policies. 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 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
Gaebler.com is a site that is dedicated to supporting small business owners, and we have a
lot of information pertaining to to Raising
Money. For example, one article that might be of interest to you is 504 Loans.
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