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

Small Business Lenders in Meriden, Connecticut

 
Loan Census SBA Loan Info

Looking for a Meriden, Connecticut 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.

If you are hoping to get a small business loan and your business is based in Meriden, Connecticut, we've put together a list of local small business banks that you should contact.

Local Meriden Lending Resources

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

Small Business Bank Recent SBA Loans
Achieve Financial Credit Union  
Castle Bank & Trust Company  
Castle Bank And Trust Company 9
People's Bank  
Td Banknorth 13
Webster Bank  

Lenders for Meriden Businesses

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

Small Business Bank Recent SBA Loans
Apple Valley Bank & Trust
Cheshire, CT
1
Banco Popular North America
New York City, NY
1
Banco Popular North America
Rosemont, IL
1
Bank Of America
Charlotte, NC
11
Bank Of America
Providence, RI
22
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
4
Commerce Bank
Flemington, NJ
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Home Loan Invest Bank F.s.b.
Warwick, RI
1
Jpmorgan Chase Bank
Houston, TX
3
Newalliance Bank
New Haven, CT
3
Newtek Small Business Finance Inc.
New York, NY
2
People's United Bank
Bridgeport, CT
2
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
New London, CT
4
Rbs Citizens
Providence, RI
14
Sovereign Bank
Villanova, PA
2
Sovereign Bank
Wyomissing, PA
2
Superior Financial Group, LLC
Walnut Creek, CA
1
Td Banknorth
Mahwah, NJ
2
Td Banknorth
Portland, ME
7
Unity Bank
Clinton, NJ
2
Ups Capital Business Credit
Rochester, NY
1
Ups Capital Business Credit
Windsor, CT
2
Webster Bank
New Haven, CT
3
Webster Bank
New Milford, CT
2
Webster Bank
Waterbury, CT
2

Business Loan Advice for Meriden Businesses

Prior to meeting with lenders for a 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the capital is to for a going concern, 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

Gaebler.com is a site that is dedicated to aiding small business owners, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read Getting a Small Business Loan.

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