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

Small Business Lenders in Fairton, New Jersey

 
Loan Census SBA Loan Info

Looking for a Fairton, New Jersey small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Other Lending Resources for Fairton Businesses

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

Small Business Bank Recent SBA Loans
Td Banknorth
Mahwah, NJ
2
Zions First National Bank
West Valley City, UT
1

Business Loan Advice for Fairton Businesses

As a prerequisite to reaching out to lenders 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, define how the money will be used, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is essential. If the capital 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 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 your individual retirement account or pension plan. 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Angel Investors.

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