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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Macedon, New York

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Macedon, New York who are interested in getting a bank loan.

Other Lending Resources for Macedon Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
6
Branch Bank & Trust
Atlanta, GA
1
Branch Bank & Trust
Winston Salem, NC
1
Canandaigua National Bank & Trust
Canandaigua, NY
1
Canandaigua National Bank & Trust
Pittsford, NY
1
Commerce Bank
Flemington, NJ
1
Five Star Bank
Olean, NY
1
Hsbc Bank Usa
Buffalo, NY
1
Keybank National Association
Cleveland, OH
2
Manufacturers & Traders Trust
Amherst, NY
3
Manufacturers & Traders Trust
Buffalo, NY
3
Rbs Citizens
Cleveland, OH
2
Rbs Citizens
Providence, RI
8
Ups Capital Business Credit
Rochester, NY
1

Tips for Getting a Business Loan in Macedon

Before reaching out to banks to get a bank loan, you will need to develop the specifics of your loan request.

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 bank.

Being able to present a well-written business plan is is critically important. If the money 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 your individual retirement account or pension plan. 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 are SBA lenders. 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.

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