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

Small Business Lenders in Newark, New Jersey

 
Loan Census SBA Loan Info

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

Local Newark Lenders

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

Small Business Bank Recent SBA Loans
Banif And Comercial Dos Acores Inc  
Bank of America  
BCP Bank  
BPI Inc  
City National Bank - New Jersey 35
Crown Bank  
Custom Vault  
Espirito Santo E Commercial de Lisboa Inc  
Fast Cash ATM  
Gibraltar Savings Bank  
Hudson City Savings Bank - Branch Offices- Newark  
Hudson United Bank  
Independence Community Bank  
Ironbound Bank - Division of New York Community Bank  
Lusitania Savings Bank, FSB 1
MBNA America Bank  
Millennium Bcpbank 38
Penn Fed. Savings Bank A Divis 1
Penn Federal Savings Bank  
Sovereign Bank 15

Other Lending Resources for Newark Businesses

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

Small Business Bank Recent SBA Loans
1st Constitution Bank
Cranbury, NJ
1
Banco Popular North America
New York City, NY
19
Bank Of America
Charlotte, NC
27
Bank Of America
Providence, RI
56
Bnb Bank, National Association
Fort Lee, NJ
10
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
9
Cit Small Business Lending Corp
Livingston, NJ
6
Citibank
Las Vegas, NV
4
Citibank
Miami, FL
1
Citibank
New York City, NY
1
Columbia Bank
Paramus, NJ
2
Commerce Bank
Flemington, NJ
1
Commerce Bank
Philadelphia, PA
6
Commerce Bank/north
Ramsey, NJ
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Grow America Fund Inc
New York, NY
1
Hsbc Bank Usa
Buffalo, NY
3
Hsbc Bank Usa
Syracuse, NY
3
Innovative Bank
Oakland, CA
10
Isn Bank
Cherry Hill, NJ
1
Jpmorgan Chase Bank
Houston, TX
12
Nara Bank
Los Angeles, CA
2
National Penn Bank
Boyertown, PA
2
New Millennium Bank
New Brunswick, NJ
3
New York Community Bank
North Brunswick, NJ
1
Newtek Small Business Finance Inc.
New York, NY
1
Patriot Bank
Stowe, PA
1
Pnc Bank, National Association
Philadelphia, PA
20
Pnc Bank, National Association
Pittsburgh, PA
36
Pnc Bank, National Association
Somerset, NJ
4
Pt Bank Central Asia Tbk
New York City, NY
1
Rbs Citizens
Providence, RI
4
Shinhan Bank America
New York City, NY
2
Sovereign Bank
New York City, NY
3
Sovereign Bank
Villanova, PA
2
Sovereign Bank
Wyomissing, PA
2
Susquehanna Bank Dv
Bryn Mawr, PA
2
Td Banknorth
Mahwah, NJ
3
Td Banknorth
Portland, ME
2
Td Banknorth
Saddle Brook, NJ
1
Textron Business Credit, Inc.
Providence, RI
3
The Provident Bank
Jersey City, NJ
1
Unity Bank
Clinton, NJ
8
Unity Bank
Phillipsburg, NJ
1
Ups Capital Business Credit
Windsor, CT
4
Valley National Bank
North Plainfield, NJ
14
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
4
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
1
Woori America Bank
New York City, NY
1

Business Loan Advice for Newark Businesses

Prior to meeting with lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the lender.

A well-defined 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. 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 these banks participate in the financial assistance programs available through the SBA. 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Credit Evaluation.

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