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

Small Business Lenders in Glendora, New Jersey

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Glendora, New Jersey, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Glendora Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
2
Capital One
Mclean, VA
1
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Philadelphia, PA
1
Commerce Bank/north
Ramsey, NJ
1
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
2
Td Banknorth
Mahwah, NJ
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Glendora Businesses

As a prerequisite to meeting with banks for a 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing 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 guarantee 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 pledge 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 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 Choosing VC Firms.

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