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

Small Business Lenders in Massapequa, New York

 
Loan Census SBA Loan Info

Small business loans in Massapequa, New York are available. You just need to talk to the right bank.

If you are planning on applying for a small business loan and your business is based in Massapequa, New York, we've put together a list of local small business banks that you should contact.

Local Massapequa Lending Resources

To assist you in finding a small business banker, here's our list of small business banks in Massapequa.

Small Business Bank Recent SBA Loans
Astoria Federal Savings & Loan Association  
Citibank NA - Full Service Financial Centers- Nassau- Massapequa  

Banks that Lend to Massapequa Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
3
Bank Of America
Charlotte, NC
5
Bank Of America
Providence, RI
15
Bnb Bank, National Association
Fort Lee, NJ
2
Capital One
Mclean, VA
2
Citibank
Las Vegas, NV
1
Citibank
New York City, NY
9
Commerce Bank
Philadelphia, PA
7
Home Loan Invest Bank F.s.b.
Warwick, RI
2
Hsbc Bank Usa
Buffalo, NY
2
Hsbc Bank Usa
Syracuse, NY
7
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
18
Keybank National Association
Cleveland, OH
1
Manufacturers & Traders Trust
Buffalo, NY
1
Newbank
New York City, NY
1
Newtek Small Business Finance Inc.
New York, NY
1
Unity Bank
Clinton, NJ
1
Valley National Bank
North Plainfield, NJ
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
3

Business Loan Advice for Massapequa Businesses

As a prerequisite to reaching out to lenders 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 plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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.

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