Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Kings Park, New York

 
Loan Census SBA Loan Info

I need a loan for my business in Kings Park, New York! If that's what's on your mind, you've come to the right place.

These materials were prepared for entrepreneurs in Kings Park, New York who are interested in getting debt financing.

Local Kings Park Business Lenders

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

Small Business Bank Recent SBA Loans
Astoria Federal Savings & Loan Association - Banking Offices  
Bank of Smithtown - Kings Park  
Fleet Bank  

Banks that Lend to Kings Park Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
7
Business Loan Center, LLC
Richmond, VA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
New York City, NY
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Hsbc Bank Usa
Syracuse, NY
3
Jpmorgan Chase Bank
Columbus, OH
1
Jpmorgan Chase Bank
Houston, TX
2
Manufacturers & Traders Trust
Buffalo, NY
1
Shinhan Bank America
New York City, NY
1

Tips for Getting a Business Loan in Kings Park

Before reaching out to lenders 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the lender.

A well-defined business plan is is critically important. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 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. 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

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