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

Manorville, New York Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Manorville, New York! 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 Manorville, New York, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Manorville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
1
Citibank
Las Vegas, NV
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
1
Suffolk Cnty National Bank - Riverh
Riverhead, NY
2
Unity Bank
Clinton, NJ
1
Washington Mutual Bank
Henderson, NV
2

Manorville Bank Loan Tips

Prior to meeting with lenders to discuss getting a bank 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.

A well-defined business plan is is critically important. If the financing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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. Prior to visiting local banks, 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.

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