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

Arlington, Vermont Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Arlington, Vermont, we've assembled a list of local small business banks that you should contact.

Local Arlington Business Lenders

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

Small Business Bank Recent SBA Loans
Chittenden Bank - Local Offices- Arlington  
Chittenden Bank - Middlebury  
Chittenden Bank - Rutland  
Factory Point National Bank - Historic  

SBA Lenders for Arlington Businesses

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

Small Business Bank Recent SBA Loans
Berkshire Bank
Manchester Center, VT
2
Capital One
Mclean, VA
2
Chittenden Trust Company
Burlington, VT
3
Keybank National Association
Cleveland, OH
1
The Bank Of Bennington
Bennington, VT
3

Arlington Bank Loan Tips

Prior to 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for an existing 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 secure the business with your personal assets, such as the equity in your home. 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.

Gaebler.com Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

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