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March 28, 2024  
 
 
  Business Loan Information  
 

Holtsville, New York Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Holtsville, New York who are interested in getting a small business loan.

Banks that Lend to Holtsville Businesses

This is a list of banks outside of Holtsville, New York that have provided SBA loans to Holtsville 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
4
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
5
Bnb Bank, National Association
Fort Lee, NJ
1
Capital One
Mclean, VA
1
Capital One
Melville, NY
1
Citibank
New York City, NY
1
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
3
Jpmorgan Chase Bank
Houston, TX
2
Washington Mutual Bank
Henderson, NV
2

Holtsville Business Loan Advice

Prior to contacting lenders for a loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 read up on 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. To get the ball rolling, we recommend you read 504 Loans.

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