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

Buena, New Jersey Business Loan

 
Loan Census SBA Loan Info

Looking for a Buena, New Jersey small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business proprietors in Buena, New Jersey who are interested in getting debt financing.

Lenders for Buena Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
1
Business Loan Center, LLC
Richmond, VA
1
Commerce Bank
Philadelphia, PA
1
Commerce Bank/north
Ramsey, NJ
1
The Bank
Woodbury, NJ
2
Unity Bank
Clinton, NJ
1

Buena Business Loan Advice

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 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 bank.

Having a business plan is an important prerequisite. 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 guarantee 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, the bank may ask you to to pledge 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. Prior to visiting local banks, 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. For starters, we suggest you read 504 Loans.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Budd Lake
Get a Business Loan in Burlington

Browse All Business Loan Sources for New Jersey