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

Small Business Lenders in Ossining, New York

 
Loan Census SBA Loan Info

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

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

Local Ossining Banks

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

Small Business Bank Recent SBA Loans
Citibank NA - Full Service Financial Centers- Ossining  
First Fidelity Bank - Ossining Offices  

Business Loan Providers for Ossining Businesses

This is a list of banks outside of Ossining, New York that have provided SBA loans to Ossining 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
1
Bnb Bank, National Association
Fort Lee, NJ
3
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
New York City, NY
3
Hsbc Bank Usa
Syracuse, NY
1
Hudson Valley Bank
Yonkers, NY
3
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
7
Nara Bank
Los Angeles, CA
1
New York Business Devel Corp
Albany, NY
1
The Bank Of Castile
Castile, NY
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
4

Business Loan Advice for Ossining Businesses

As a prerequisite to reaching out to banks for a loan, you will need to have a specific plan.

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 how you intend to to pay the loan back to the bank.

A well-defined business plan is is critically important. If the money is to for a going concern, 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 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 the equity in your home. The banks will look at your personal credit report 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 you sit down to talk with a small business 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.

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