Small Business Lenders in Hudson, New Hampshire

Local Hudson Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Hudson.

SBA Lenders for Hudson Businesses

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

Business Loan Advice for Hudson Businesses

Prior to 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 is critically important. If the financing is to for a company that is already doing business, 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 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, 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 devoted to assisting small business owners, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Bank Credit Lines.