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

Small Business Lenders in Palisades Park, New Jersey

 
Loan Census SBA Loan Info

Small business loans in Palisades Park, New Jersey 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 Palisades Park, New Jersey, we've put together a list of local small business banks that you should contact.

Local Palisades Park Banks

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

Small Business Bank Recent SBA Loans
Broadway National Bank  
Nara Loan Center Corporation  
Oritani Savings Bank  
Panasia Bank - Palisades Park Branch  
Sovereign Bank  

Banks that Lend to Palisades Park Businesses

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

Small Business Bank Recent SBA Loans
1st Constitution Bank
Cranbury, NJ
4
Banco Popular North America
New York City, NY
4
Bank Of America
Charlotte, NC
49
Bank Of America
Providence, RI
22
Bnb Bank, National Association
Fort Lee, NJ
16
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
2
Capital One Bank (usa)
Glen Allen, VA
1
Citibank
Las Vegas, NV
10
Citibank
New York City, NY
1
Citibank
San Francisco, CA
1
Columbia Bank
Paramus, NJ
1
Flushing Savings Bank, FSB
New York City, NY
2
Hsbc Bank Usa
Buffalo, NY
7
Hsbc Bank Usa
Syracuse, NY
12
Innovative Bank
Oakland, CA
15
Jpmorgan Chase Bank
Houston, TX
22
Millennium Bcpbank
Newark, NJ
3
Nara Bank
Los Angeles, CA
3
New Millennium Bank
New Brunswick, NJ
1
Newbank
New York City, NY
3
Pnc Bank, National Association
Philadelphia, PA
20
Pnc Bank, National Association
Pittsburgh, PA
22
Rbs Citizens
Providence, RI
19
Shinhan Bank America
New York City, NY
4
Td Banknorth
Portland, ME
1
Td Banknorth
Saddle Brook, NJ
1
Valley National Bank
North Plainfield, NJ
2
Washington Mutual Bank
Henderson, NV
9
Wilshire State Bank
Los Angeles, CA
1
Woori America Bank
Fort Lee, NJ
1
Woori America Bank
New York City, NY
10

Business Loan Advice for Palisades Park Businesses

Before reaching out to banks to get a bank 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 to guarantee the loan with your personal assets, such as the equity in your home. 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 you sit down to talk with a small business banker, 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 passionate about providing advice to entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read Only Idiots Send Venture Capitalists Business Plans.

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