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

Lambertville, New Jersey Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Lambertville, New Jersey who are interested in getting a small business loan.

Local Lambertville Lenders

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

Small Business Bank Recent SBA Loans
Fleet Bank  
Progress Bank  

Business Loan Providers for Lambertville Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Blue Bell, PA
1
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
2
Capital One
Mclean, VA
2
Commerce Bank
Flemington, NJ
4
Commerce Bank
Philadelphia, PA
3
Hopewell Valley Community Bank
Pennington, NJ
5
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Pnc Bank, National Association
Somerset, NJ
1
Valley National Bank
North Plainfield, NJ
1

Lambertville Business Loan Advice

As a prerequisite to reaching out to lenders to get a bank 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the lender.

Being able to present a well-written business plan is essential. 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 guarantee 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 these banks are SBA lenders. Prior to visiting local banks, you may want to read up on 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

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read Business Line of Credit.

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