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March 29, 2024  
 
 
  Business Loan Information  
 

Paulsboro, New Jersey Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Paulsboro, New Jersey seems challenging at first, but we're here to help you get started.

If you are looking for a small business loan and your business is based in Paulsboro, New Jersey, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Paulsboro Businesses

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

Small Business Bank Recent SBA Loans
Columbia Bank
Paramus, NJ
1
Commerce Bank
Philadelphia, PA
3
Jpmorgan Chase Bank
Houston, TX
1
Rbs Citizens
Providence, RI
1
Td Banknorth
Mahwah, NJ
1
The Bank
Woodbury, NJ
3
Unity Bank
Clinton, NJ
3

Paulsboro Bank Loan Tips

Before contacting banks to discuss getting 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, define how the money will be used, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the capital is to for a going concern, 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 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 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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review 504 Loans.

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