Loan Census Banking News and Information
October 26, 2020  
 
 
  Business Loan Information  
 

Abington, Massachusetts Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Abington, 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 looking for a small business loan and your business is based in Abington, Massachusetts, we've assembled a list of local small business banks that you should contact.

Local Abington Business Lenders

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

Small Business Bank Recent SBA Loans
Citizens Bank - Supermarket Branches- Stop & Shop  
Harbor One Credit Union  
North Abington Co-Operative Bank  
Sovereign Bank 91

Banks that Lend to Abington Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
4
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
4
Commerce Bank
Philadelphia, PA
1
Rbs Citizens
Providence, RI
9
Rockland Trust Company
Rockland, MA
8
South Shore Co-operative Bank
Weymouth, MA
1
Sovereign Bank
Dorchester, MA
1
Sovereign Bank
Wyomissing, PA
2
Td Banknorth
Portland, ME
1

Abington Bank Loan Tips

Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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 the banks in our list are SBA lenders. 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

Make it a priority to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

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