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

Le Roy, New York Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Le Roy, New York! If that's what's on your mind, you've come to the right place.

These materials were prepared for small business proprietors in Le Roy, New York who are interested in getting a bank loan.

Local Le Roy Lending Resources

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

Small Business Bank Recent SBA Loans
Bank of Castile  
Five Star Bank 27

Lenders for Le Roy Businesses

This is a list of banks outside of Le Roy, New York that have provided SBA loans to Le Roy 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
4
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Five Star Bank
Olean, NY
1
Five Star Bank
Warsaw, NY
1
Jpmorgan Chase Bank
Houston, TX
1
Keybank National Association
Cleveland, OH
2
Manufacturers & Traders Trust
Amherst, NY
1
The Bank Of Castile
Castile, NY
4

Le Roy Business Loan Advice

Before reaching out to lenders for a 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.

Having a business plan is essential. If the 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 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 secure the business with 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 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

If you are new to our Gaebler.com site, you should know that we are all about supporting small business owners, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Choosing VC Firms.

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