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March 29, 2024  
 
 
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Small Business Lenders in Amagansett, New York

 
Loan Census SBA Loan Info

Raising money in Amagansett, New York? If so, you'll want to talk to some of these small business lenders in Amagansett.

If you are looking for a small business loan and your business is based in Amagansett, New York, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Amagansett Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bnb Bank, National Association
Fort Lee, NJ
1
Business Loan Center, LLC
New York, NY
1
Suffolk Cnty National Bank - Riverh
Riverhead, NY
1

Business Loan Advice for Amagansett Businesses

Prior to reaching out to banks to get 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 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. You will also need to discuss 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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. For starters, we recommend you read Realistic Debt Financing Options.

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