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

Lusby, Maryland Business Loan

 
Loan Census SBA Loan Info

Small business loans in Lusby, Maryland are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Lusby, Maryland who are interested in getting a small business loan.

Local Lusby Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  

SBA Lenders for Lusby Businesses

This is a list of banks outside of Lusby, Maryland that have provided SBA loans to Lusby 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
Charlotte, NC
6
Capital One
Mclean, VA
2
Innovative Bank
Oakland, CA
1
Maryland Bank & Trust Natl
Lexington Park, MD
1
Newtek Small Business Finance Inc.
New York, NY
1
Superior Financial Group, LLC
Walnut Creek, CA
1

Lusby Business Loan Advice

As a prerequisite to meeting with 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, describe what the money will finance, and show your ability to pay the money back to the lender.

Having a business plan is essential. If the money is to for an existing 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 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 participate in the financial assistance programs available through the SBA. 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 Getting a Small Business Loan.

Business Loan Sources for Other Cities in Maryland
Get a Business Loan in Linthicum
Get a Business Loan in Middle River

Browse All Business Loan Sources for Maryland