Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Aquebogue, New York

 
Loan Census SBA Loan Info

I need a loan for my business in Aquebogue, New York! If that's what's on your mind, you've come to the right place.

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

Lenders for Aquebogue Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
2
Hsbc Bank Usa
Syracuse, NY
1
Teachers Fcu
Farmingville, NY
1

Business Loan Advice for Aquebogue Businesses

Before meeting with banks to discuss getting a bank 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 is critically important. If the capital 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Find Start-Up Capital.

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