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March 28, 2024  
 
 
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Business Loan Dix Hills, New York

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Dix Hills, New York who are interested in getting debt financing.

Other Lending Resources for Dix Hills Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Bank Of America
Providence, RI
6
Capital One
Mclean, VA
1
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
New York City, NY
1
Commerce Bank
Laredo, TX
1
Flushing Savings Bank, FSB
New York City, NY
1
Jpmorgan Chase Bank
Houston, TX
3
Unity Bank
Clinton, NJ
1

Tips for Getting a Business Loan in Dix Hills

Before reaching out to lenders 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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the lender.

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. You will also need to discuss 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, 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. 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.

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