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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Hopewell, New Jersey

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Hopewell, New Jersey who are interested in getting debt financing.

Local Hopewell Business Loan Sources

Without further adieu, here's our list of small business banks in Hopewell.

Small Business Bank Recent SBA Loans
Amboy National Bank - Offices- Hopewell  
Minotola National Bank  
New Jersey National Bank A Corestates Bank  
PNC Bank - Branch Offices- Hopewell- Hightstown  

Business Loan Providers for Hopewell Businesses

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

Small Business Bank Recent SBA Loans
Amboy Bank
Old Bridge, NJ
2
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Philadelphia, PA
3
Hopewell Valley Community Bank
Pennington, NJ
1
Pnc Bank, National Association
Pittsburgh, PA
4
Rbs Citizens
Providence, RI
1
Sun National Bank
Vineland, NJ
2
The Bank
Windsor, NJ
2
The Bank
Woodbury, NJ
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Hopewell

Before contacting banks 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 introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

A well-defined business plan is is critically important. If the money 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 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 these banks 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Hopatcong
Get a Business Loan in Irvington

Browse All Business Loan Sources for New Jersey