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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Hilton, New York

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Hilton, New York who are interested in getting a small business loan.

Lenders for Hilton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of America
Providence, RI
1
Canandaigua National Bank & Trust
Pittsford, NY
1
Five Star Bank
Geneva, NY
1
Genesee Regional Bank
Rochester, NY
2
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
3
Jpmorgan Chase Bank
Houston, TX
3
Manufacturers & Traders Trust
Amherst, NY
9
Manufacturers & Traders Trust
Buffalo, NY
18
Manufacturers & Traders Trust
Towson, MD
1
Rbs Citizens
Providence, RI
7
The Bank Of Castile
Castile, NY
1

Tips for Getting a Business Loan in Hilton

Before contacting banks for a 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 how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 the equity in your home. 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 you sit down to talk with a small business 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

If you are new to our Gaebler.com site, you should know that we are passionate about assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, one article that might be of interest to you is 504 Loans.

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