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

Asbury Park, New Jersey Business Loan

 
Loan Census SBA Loan Info

Small business loans in Asbury Park, New Jersey are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Asbury Park, New Jersey who are interested in getting a small business loan.

Local Asbury Park Lending Resources

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

Small Business Bank Recent SBA Loans
Amboy National Bank  
Commercial Loan Examination Servics- Inc.  
Sovereign Bank - Monmouth County- Asbury Park  

Lenders for Asbury Park Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
6
Bank Of America
Providence, RI
9
Bnb Bank, National Association
Fort Lee, NJ
3
Capital One
Mclean, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Commerce Bank
Philadelphia, PA
7
Commerce Bank
Toms River, NJ
2
Hsbc Bank Usa
Buffalo, NY
2
Jpmorgan Chase Bank
Houston, TX
1
Pnc Bank, National Association
Philadelphia, PA
3
Pnc Bank, National Association
Pittsburgh, PA
5
Pnc Bank, National Association
Somerset, NJ
1
Sovereign Bank
Villanova, PA
2
Sovereign Bank
Wyomissing, PA
1
Sun National Bank
Vineland, NJ
2
Unity Bank
Clinton, NJ
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Asbury Park Business Loan Advice

As a prerequisite to reaching out to lenders 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, 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 loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Only Idiots Send Venture Capitalists Business Plans.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Allendale
Get a Business Loan in Atlantic City

Browse All Business Loan Sources for New Jersey