Woodside, New York Small Business Loans

Local Woodside Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Woodside.

Business Loan Providers for Woodside Businesses

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

Woodside Bank Loan Tips

As a prerequisite to contacting lenders to get 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the financing is to for a company that is already doing 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 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 passionate about helping small business owners, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is 504 Loans.