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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Croton On Hudson, New York

 
Loan Census SBA Loan Info

Raising money in Croton On Hudson, New York? If so, you'll want to talk to some of these small business lenders in Croton On Hudson.

We wrote this article for entrepreneurs in Croton On Hudson, New York who are interested in getting a bank loan.

Local Croton On Hudson Banks

Without further adieu, here's our list of small business banks in Croton On Hudson.

Small Business Bank Recent SBA Loans
Chase Manhattan Bank - Area Branches- Croton  

Business Loan Providers for Croton On Hudson Businesses

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

Small Business Bank Recent SBA Loans
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
1
Jpmorgan Chase Bank
Houston, TX
3
Newbank
New York City, NY
1

Tips for Getting a Business Loan in Croton On Hudson

Before meeting with banks for a 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, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Incubators.

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