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

Goshen, New York Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Goshen, New York who are interested in getting a bank loan.

Local Goshen Banks

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

Small Business Bank Recent SBA Loans
Bank of America  
Bank of New York The-Orange Sullivan Division - Goshen Office  

Lenders for Goshen Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
3
Capital One
Mclean, VA
2
Hsbc Bank Usa
Buffalo, NY
2
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
7
Keybank National Association
Cleveland, OH
1
Manufacturers & Traders Trust
Amherst, NY
1
Manufacturers & Traders Trust
Buffalo, NY
3
New York Business Devel Corp
Albany, NY
1
Rbs Citizens
Providence, RI
3
Td Banknorth
Mahwah, NJ
4
Td Banknorth
Portland, ME
2

Goshen Business Loan Advice

Prior to contacting lenders to discuss getting a bank 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 intend to to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the money 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 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. Before you sit down to talk with a small business banker, 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read How Much Venture Capital Is There?.

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