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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Hammonton, New Jersey

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Hammonton, New Jersey who are interested in getting debt financing.

Local Hammonton Lenders

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

Small Business Bank Recent SBA Loans
1st Fidelity Bank  
Minotola National Bank 1
Select Bank  

Business Loan Providers for Hammonton Businesses

This is a list of banks outside of Hammonton, New Jersey that have provided SBA loans to Hammonton 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
6
Capital One
Mclean, VA
6
Commerce Bank
Philadelphia, PA
20
Hopewell Valley Community Bank
Pennington, NJ
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
7
Rbs Citizens
Providence, RI
5
Republic First Bancorp, Inc
Philadelphia, PA
1
Sovereign Bank
Villanova, PA
1
Sun National Bank
Vineland, NJ
3
Susquehanna Bank Dv
Bryn Mawr, PA
2
Susquehanna Bank Dv
Vineland, NJ
2
Td Banknorth
Mahwah, NJ
2
The Bank
Woodbury, NJ
2

Tips for Getting a Business Loan in Hammonton

Prior to contacting lenders to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the money 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, you will likely be asked to pledge your personal assets, such as the equity in your home. 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review How Equity Dilution Works.

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