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

Brookline, Massachusetts Business Loan

 
Loan Census SBA Loan Info

Small business loans in Brookline, Massachusetts are available. You just need to talk to the right bank.

These materials were prepared for entrepreneurs in Brookline, Massachusetts who are interested in getting debt financing.

Local Brookline Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Brookline.

Small Business Bank Recent SBA Loans
Banknorth Massachusetts - Banking Centers  
Bay State Federal Bank  
Brookline Bank - Coolidge Corner Office  
Brookline Bank - Longwood Office  
Brookline Savings Bank  
Central Bank - Branch Offices- Brookline  
Citizens Bank - Branches- Boston  
Citizens Bank - Branches- Brighton  
Citizens Bank - Branches- Brookline  
Compass Bank  
Sovereign Bank  
Wainwright Bank & Trust Co  

Lenders for Brookline Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
9
Bank Of America
Providence, RI
15
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
2
Danversbank
Danvers, MA
3
Eastern Bank
Boston, MA
1
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
2
Rbs Citizens
Boston, MA
20
Rbs Citizens
Cranston, RI
1
Rbs Citizens
Providence, RI
36
Sovereign Bank
Boston, MA
2
Sovereign Bank
Villanova, PA
8
Sovereign Bank
Wyomissing, PA
1
Td Banknorth
Portland, ME
3

Brookline Business Loan Advice

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Borrowing Money from Friends and Family.

More Business Lender Lists for Massachusetts Cities
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Get a Business Loan in Burlington

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