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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Mays Landing, New Jersey

 
Loan Census SBA Loan Info

Getting a business loan in Mays Landing, New Jersey seems challenging at first, but we're here to help you get started.

We wrote this article for small business proprietors in Mays Landing, New Jersey who are interested in getting debt financing.

Local Mays Landing Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Mays Landing.

Small Business Bank Recent SBA Loans
1st Fidelity Bank  
Diebold Inc  
Select Bank  

Other Lending Resources for Mays Landing Businesses

This is a list of banks outside of Mays Landing, New Jersey that have provided SBA loans to Mays Landing 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
Charlotte, NC
1
Bank Of America
Providence, RI
4
Capital One
Mclean, VA
2
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Philadelphia, PA
5
Ocean City Home Bank
Ocean City, NJ
2
Pnc Bank, National Association
Pittsburgh, PA
4
Rbs Citizens
Providence, RI
2
Skylands Community Bank
Somerville, NJ
2
Sovereign Bank
Villanova, PA
1
Sun National Bank
Vineland, NJ
5
Susquehanna Bank Dv
Vineland, NJ
1
Ups Capital Business Credit
Windsor, CT
2
Valley National Bank
North Plainfield, NJ
1

Tips for Getting a Business Loan in Mays Landing

Prior to contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show your ability to pay the loan back to the bank.

Having a 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. In addition, you should itemize 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before you sit down to talk with a small business banker, 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

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Getting a Small Business Loan.

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