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

Dunellen, New Jersey Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Dunellen, New Jersey seems challenging at first, but we're here to help you get started.

This article is written specifically for small business owners in Dunellen, New Jersey who are interested in getting a bank loan.

Local Dunellen Banks

To assist you in finding a small business banker, here's our list of small business banks in Dunellen.

Small Business Bank Recent SBA Loans
Hudson United Bank  

Other Lending Resources for Dunellen Businesses

This is a list of banks outside of Dunellen, New Jersey that have provided SBA loans to Dunellen 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
4
Bnb Bank, National Association
Fort Lee, NJ
3
Commerce Bank
Philadelphia, PA
2
Jpmorgan Chase Bank
Houston, TX
1
Pnc Bank, National Association
Pittsburgh, PA
1
Sun National Bank
Vineland, NJ
1
Temecula Valley Bank
Temecula, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Dunellen Business Loan Advice

Prior to contacting banks to get a bank loan, you will need to have a specific plan.

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.

Being able to present a well-written business plan is essential. If the capital is to for an existing business, 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 are SBA lenders. 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Choosing VC Firms.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Dumont
Get a Business Loan in East Brunswick

Browse All Business Loan Sources for New Jersey