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

Small Business Lenders in Bristol, New Hampshire

 
Loan Census SBA Loan Info

Getting a business loan in Bristol, New Hampshire 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 Bristol, New Hampshire, we've assembled a list of local small business banks that you should contact.

Local Bristol Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Bristol.

Small Business Bank Recent SBA Loans
Franklin Savings Bank - Bristol  

SBA Lenders for Bristol Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
2
Meredith Village Savings Bank
Meredith, NH
1
Northway Bank
Berlin, NH
3
Rbs Citizens
Providence, RI
2
Td Banknorth
Portland, ME
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Business Loan Advice for Bristol Businesses

As a prerequisite to reaching out to banks to get a bank 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 your ability to pay the loan back to the bank.

Having a business plan is is critically important. If the bank 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 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, the bank may ask you to 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, 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

Our Gaebler.com site is deeply committed to aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Getting a Small Business Loan.

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