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March 29, 2024  
 
 
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Business Loan Kingston, New Jersey

 
Loan Census SBA Loan Info

Looking for a Kingston, New Jersey 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.

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

Banks that Lend to Kingston Businesses

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

Small Business Bank Recent SBA Loans
Bnb Bank, National Association
Fort Lee, NJ
2

Tips for Getting a Business Loan in Kingston

As a prerequisite to reaching out to banks to get a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for a company that is already doing 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Keyport
Get a Business Loan in Lakewood

Browse All Business Loan Sources for New Jersey