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

Small Business Lenders in Lincoln Park, New Jersey

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Lincoln Park, New Jersey, we've assembled a list of local small business banks that you should contact.

Local Lincoln Park Lenders

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

Small Business Bank Recent SBA Loans
Boiling Springs Savings Bank  
Greater Community Bank  

Other Lending Resources for Lincoln Park Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
6
Bank Of America
Providence, RI
6
Bnb Bank, National Association
Fort Lee, NJ
1
Commerce Bank
Philadelphia, PA
1
Commerce Bank/north
Ramsey, NJ
2
Hsbc Bank Usa
Syracuse, NY
1
Independence Bank
East Greenwich, RI
1
Jpmorgan Chase Bank
Houston, TX
1
Td Banknorth
Portland, ME
1
Trustco Bank
Glenville, NY
1
Unity Bank
Clinton, NJ
2
Valley National Bank
North Plainfield, NJ
1

Business Loan Advice for Lincoln Park Businesses

Prior to meeting with 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, 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 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 new to our Gaebler.com site, you should know that we are all about providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read Business Incubators.

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