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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Clinton, Maryland

 
Loan Census SBA Loan Info

Raising money in Clinton, Maryland? If so, you'll want to talk to some of these small business lenders in Clinton.

These materials were prepared for entrepreneurs in Clinton, Maryland who are interested in getting debt financing.

Local Clinton Business Lenders

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

Small Business Bank Recent SBA Loans
Authorized Fast & Accurate Maintenance  
Banc Of America Investment Services- Inc  
Bank Of America  
Chevy Chase Bank  
Citizens Bank of Maryland  
Farmers Bank of Maryland  
Old Line Bank  
Provident Bank  

Business Loan Providers for Clinton Businesses

This is a list of banks outside of Clinton, Maryland 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
Bank Of America
Charlotte, NC
11
Branch Bank & Trust
Winston Salem, NC
3
Cit Small Business Lending Corp
Livingston, NJ
1
City 1st Bank - D.c.
Washington, DC
1
Commercefirst Bank
Annapolis, MD
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Innovative Bank
Oakland, CA
10
Manufacturers & Traders Trust
Buffalo, NY
4
Manufacturers & Traders Trust
Towson, MD
4
Pnc Bank, National Association
Philadelphia, PA
2
Suntrust Bank
Atlanta, GA
1
Suntrust Bank
Richmond, VA
1
Superior Financial Group, LLC
Walnut Creek, CA
1
The Columbia Bank
Greenbelt, MD
1
Wells Fargo Bank
San Antonio, TX
1
Wilshire State Bank
Los Angeles, CA
1

Tips for Getting a Business Loan in Clinton

Before reaching out to lenders to get 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

A well-defined business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Credit Evaluation.

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