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

Naugatuck, Connecticut Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Naugatuck, Connecticut, we've put together a list of local small business banks that you should contact.

Local Naugatuck Business Lenders

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

Small Business Bank Recent SBA Loans
Naugatuck Savings Bank 8
Naugatuck Valley Savings and Loan  
People's Bank Naugatuck Stop & Shop  
Webster Bank  

SBA Lenders for Naugatuck Businesses

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

Small Business Bank Recent SBA Loans
Bank - Southern Connecticut
New Haven, CT
1
Bank Of America
Charlotte, NC
2
Bank Of America
Providence, RI
9
Branch Bank & Trust
Winston Salem, NC
1
Business Lenders, LLC
Hartford, CT
2
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
1
Fairfield County Bank Corp
Ridgefield, CT
1
Jpmorgan Chase Bank
Houston, TX
1
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
Newalliance Bank
New Haven, CT
1
Rbs Citizens
Providence, RI
3
Savings Bank Of Danbury
Danbury, CT
1
Sovereign Bank
Villanova, PA
1
Td Banknorth
Mahwah, NJ
1
Td Banknorth
Portland, ME
2
Thomaston Savings Bank
Thomaston, CT
2
Ups Capital Business Credit
Windsor, CT
1
Wachovia Bank
Winston Salem, NC
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Webster Bank
New Haven, CT
2
Webster Bank
Waterbury, CT
1

Naugatuck Bank Loan Tips

Before meeting with banks for a 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 these banks are SBA lenders. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Borrowing Money from Friends and Family.

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