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

Painted Post, New York Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Painted Post, New York who are interested in getting a small business loan.

Local Painted Post Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bath National Bank - Erwin Branch  
Community Bank 3

Banks that Lend to Painted Post Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
1
Business Loan Center, LLC
Richmond, VA
1
Chemung Canal Trust Company
Elmira, NY
3
Commerce Bank
Philadelphia, PA
1
Community Bank
Corning, NY
3
Corning Fcu
Corning, NY
1
Five Star Bank
Bath, NY
1
Five Star Bank
Warsaw, NY
1
Hsbc Bank Usa
Buffalo, NY
2
Hsbc Bank Usa
Syracuse, NY
1
Manufacturers & Traders Trust
Amherst, NY
1
Manufacturers & Traders Trust
Buffalo, NY
1

Painted Post Business Loan Advice

Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the bank.

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 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 stocks and bonds that you might own or life insurance policies. 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.

Gaebler.com Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Bank Credit Lines.

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