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March 28, 2024  
 
 
  Business Loan Information  
 

North Lindenhurst, New York Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in North Lindenhurst, New York! If that's what's on your mind, you've come to the right place.

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

Banks that Lend to North Lindenhurst Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Citibank
New York City, NY
1

North Lindenhurst Bank Loan Tips

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 introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan 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 guarantee 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 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 are SBA lenders. Before meeting with the 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Much Venture Capital Is There?.

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