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

Endicott, New York Business Loan

 
Loan Census SBA Loan Info

Looking for a Endicott, New York 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.

We wrote this article for small business proprietors in Endicott, New York who are interested in getting a small business loan.

Local Endicott Lending Resources

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

Small Business Bank Recent SBA Loans
Charter One Bank  
Citizens Bank  
Farrell Realty USA Com  
Manufacturers & Traders Trust 1
Visions Fcu 15

Lenders for Endicott Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
5
Commerce Bank
Philadelphia, PA
1
Hsbc Bank Usa
Buffalo, NY
7
Hsbc Bank Usa
Syracuse, NY
1
Manufacturers & Traders Trust
Amherst, NY
12
Manufacturers & Traders Trust
Binghamton, NY
2
Manufacturers & Traders Trust
Buffalo, NY
20
Manufacturers & Traders Trust
Towson, MD
1
Manufacturers & Traders Trust
Union, NY
2
Nbt Bank, National Association
Norwich, NY
6
Newtek Small Business Finance Inc.
New York, NY
1
Rbs Citizens
Providence, RI
19
Tioga State Bank
Binghamton, NY
1
Tioga State Bank
Owego, NY
3
Visions Fcu
Endwell, NY
5
Wells Fargo Bank
Sioux Falls, SD
1

Endicott Business Loan Advice

Prior to reaching out to lenders for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the lender.

Having a business plan is is critically important. If the loan 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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. 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

Gaebler.com is a site that is all about providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Angel Investors.

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