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

Business Loan Clinton, Connecticut

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Clinton, Connecticut who are interested in getting debt financing.

Local Clinton Lenders

Without further adieu, here's our list of small business banks in Clinton.

Small Business Bank Recent SBA Loans
Citizens Bank - Branch Office- Branch- Clinton  
Liberty Bank  
Newalliance Bank  
People's Bank Clinton Office in the Stop & Shop  

Lenders for Clinton Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
2
Bank Of America
Providence, RI
4
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
New York, NY
1
Essex Savings Bank
Essex, CT
1
Hsbc Bank Usa
Buffalo, NY
1
Newalliance Bank
New Haven, CT
1
Rbs Citizens
Branford, CT
1
Rbs Citizens
New London, CT
4
Rbs Citizens
Norwood, MA
3
Rbs Citizens
Providence, RI
19
Sovereign Bank
Villanova, PA
1
Webster Bank
New Haven, CT
2
Webster Bank
Waterbury, CT
1

Tips for Getting a Business Loan in Clinton

Prior to reaching out to lenders for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

Having a business plan is is critically important. If the bank 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan 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 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 educate yourself. If you haven't read it already, we recommend you review 504 Loans.

More Business Loan Info for Connecticut
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