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

Farmingville, New York Business Loan

 
Loan Census SBA Loan Info

Small business loans in Farmingville, New York are available. You just need to talk to the right bank.

We wrote this article for small business owners in Farmingville, New York who are interested in getting debt financing.

Local Farmingville Business Lenders

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

Small Business Bank Recent SBA Loans
Astoria Federal Savings Bank  
Teachers Fcu 15

Business Loan Providers for Farmingville Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
3
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
19
Capital One
Mclean, VA
1
Cathay Bank
New York City, NY
1
Citibank
Las Vegas, NV
1
Flushing Savings Bank, FSB
New York City, NY
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Hsbc Bank Usa
Buffalo, NY
3
Hsbc Bank Usa
Syracuse, NY
5
Jpmorgan Chase Bank
Houston, TX
8
Shinhan Bank America
New York City, NY
1
Unity Bank
Clinton, NJ
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
1

Farmingville Business Loan Advice

Prior to reaching out to 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, describe what the money will finance, 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 financing 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 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 are SBA lenders. 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is dedicated to supporting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read Getting a Small Business Loan.

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