Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Bourne, Massachusetts

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Bourne, Massachusetts who are interested in getting a bank loan.

Business Loan Providers for Bourne Businesses

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

Small Business Bank Recent SBA Loans
Bankfive
Fall River, MA
2
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Plymouth Bancorp, Inc
Middleboro, MA
1
Rockland Trust Company
Rockland, MA
1
Ups Capital Business Credit
Windsor, CT
1

Tips for Getting a Business Loan in Bourne

Before contacting lenders for a loan, you will need to have a specific plan.

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 your ability to pay the money back to the lender.

Being able to present a well-written business plan is essential. If the bank loan is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 do your homework 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read 504 Loans.

More Business Lender Lists for Massachusetts Cities
Get a Business Loan in Boston
Get a Business Loan in Braintree

Browse All Business Loan Sources for Massachusetts