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

Small Business Lenders in Central Islip, New York

 
Loan Census SBA Loan Info

I need a loan for my business in Central Islip, New York! If that's what's on your mind, you've come to the right place.

If you are planning on applying for a small business loan and your business is based in Central Islip, New York, we've assembled a list of local small business banks that you should contact.

Local Central Islip Business Loan Sources

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

Small Business Bank Recent SBA Loans
Citibank N A - Full Service Financial Centers- Central Islip  
Citibank N A - Full Service Financial Centers- Islandia  
Customerone Financial Network Inc  
Eastern Savings Bank FSB  

SBA Lenders for Central Islip Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
10
Bank Of America
Providence, RI
11
Bnb Bank, National Association
Fort Lee, NJ
1
Business Loan Center, LLC
Richmond, VA
1
Capital One Bank (usa)
Glen Allen, VA
1
Citibank
New York City, NY
1
Commerce Bank
Philadelphia, PA
1
Community National Bank
Great Neck, NY
1
Flushing Savings Bank, FSB
New York City, NY
1
Hsbc Bank Usa
Syracuse, NY
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
4
Nara Bank
Los Angeles, CA
1
Woori America Bank
New York City, NY
1

Business Loan Advice for Central Islip Businesses

Before meeting with banks to discuss getting a bank 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 plan to pay the money back to the bank.

Having a business plan is essential. If the loan is to for a company that is already doing 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 you cannot repay the loan.

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 the banks in our list 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.

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