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March 29, 2024  
 
 
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Business Loan Laconia, New Hampshire

 
Loan Census SBA Loan Info

Looking for a Laconia, New Hampshire small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for entrepreneurs in Laconia, New Hampshire who are interested in getting a bank loan.

Local Laconia Lenders

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

Small Business Bank Recent SBA Loans
Bank of New Hampshire - Banking Centers  
Citizens Bank - Drive Up Only  
Franklin Savings Bank  
Laconia Savings Bank 67
Pemigewasset National Bank - Laconia  
Testa Michael  
Wells Fargo Home Mortgage  

SBA Lenders for Laconia Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Franklin Savings Bank
Franklin, NH
2
Laconia Savings Bank
Gilford, NH
1
Northway Bank
Berlin, NH
16
Rbs Citizens
Manchester, NH
20
Rbs Citizens
Norwood, MA
3
Rbs Citizens
Providence, RI
45
Td Banknorth
Portland, ME
4
Temecula Valley Bank
Temecula, CA
1
Ups Capital Business Credit
Windsor, CT
1
Wachovia SBA Lending, Inc.
Roseville, CA
2

Tips for Getting a Business Loan in Laconia

Prior to reaching out to banks for a loan, you will need to have a specific plan.

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 your ability to pay the money back to the bank.

A well-defined business plan is is critically important. If the capital is to for a going concern, 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 to guarantee the loan with 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. 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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