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

Elmont, New York Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Elmont, New York are available. You just need to talk to the right bank.

If you are planning on applying for a small business loan and your business is based in Elmont, New York, we've assembled a list of local small business banks that you should contact.

Local Elmont Banks

To help you learn more about local small business lenders, here's our list of small business banks in Elmont.

Small Business Bank Recent SBA Loans
Citibank  
Emigrant Savings Bank  

SBA Lenders for Elmont Businesses

This is a list of banks outside of Elmont, New York that have provided SBA loans to Elmont 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
6
Bank Of America
Charlotte, NC
4
Bank Of America
Providence, RI
14
Business Loan Center, LLC
Richmond, VA
2
Capital One
Mclean, VA
5
Capital One
Melville, NY
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
New York City, NY
2
Flushing Savings Bank, FSB
New York City, NY
3
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Hsbc Bank Usa
Buffalo, NY
6
Hsbc Bank Usa
Syracuse, NY
5
Innovative Bank
Oakland, CA
4
Jpmorgan Chase Bank
Houston, TX
9
Nara Bank
Los Angeles, CA
1
Unity Bank
Clinton, NJ
2
Wachovia SBA Lending, Inc.
Roseville, CA
2
Washington Mutual Bank
Henderson, NV
3

Elmont Bank Loan Tips

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

Having a business plan is an important prerequisite. If the financing is to for a company that is already doing 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 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 are SBA lenders. Before you sit down to talk with a small business 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.

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