Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Mastic, New York

 
Loan Census SBA Loan Info

Looking for a Mastic, New York 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.

We wrote this article for small business owners in Mastic, New York who are interested in getting debt financing.

Local Mastic Business Loan Sources

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

Small Business Bank Recent SBA Loans
Astoria Federal Savings Bank - Suffolk Branches- Shirley  

SBA Lenders for Mastic Businesses

This is a list of banks outside of Mastic, New York that have provided SBA loans to Mastic 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
2
Bank Of America
Providence, RI
8
Capital One
Mclean, VA
1
Community Building Fund, LLC
Centereach, NY
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
1
Jpmorgan Chase Bank
Houston, TX
3

Tips for Getting a Business Loan in Mastic

Before meeting with banks to discuss getting a bank 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.

Being able to present a well-written business plan is an important prerequisite. If the money 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 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, the bank may ask you to 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 do your homework 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 new to our Gaebler.com site, you should know that we are devoted to aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read Getting a Small Business Loan.

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