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

Business Loan Milltown, New Jersey

 
Loan Census SBA Loan Info

Looking for a Milltown, New Jersey 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.

These materials were prepared for small business proprietors in Milltown, New Jersey who are interested in getting a small business loan.

Local Milltown Lenders

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

Small Business Bank Recent SBA Loans
First Savings Bank Milltown Office  
Invest Financial Corporation  
Kearny Federal Savings  
Pulaski Savings Bank  

Lenders for Milltown Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Bank Of America
Providence, RI
4
Capital One
Mclean, VA
1
Commerce Bank
Toms River, NJ
1
Sun National Bank
Vineland, NJ
3
Td Banknorth
Portland, ME
1
Unity Bank
Clinton, NJ
1

Tips for Getting a Business Loan in Milltown

As a prerequisite to contacting banks for a loan, you will need to develop the specifics of your loan request.

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 essential. If the capital 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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

Gaebler.com is a site that is all about supporting small business owners, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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