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

Millerton, New York Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Millerton, New York are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Millerton, New York, we've assembled a list of local small business banks that you should contact.

Banks that Lend to Millerton Businesses

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

Small Business Bank Recent SBA Loans
Hsbc Bank Usa
Buffalo, NY
2
Manufacturers & Traders Trust
Buffalo, NY
1

Millerton Bank Loan Tips

As a prerequisite to reaching out to 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the bank loan is to for a company that is already doing 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to get up to speed 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 passionate about assisting small business owners, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

More Business Lender Lists for New York Cities
Get a Business Loan in Middletown
Get a Business Loan in Mineola

Browse All Business Loan Sources for New York