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March 28, 2024  
 
 
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Business Loan Park Ridge, New Jersey

 
Loan Census SBA Loan Info

Looking for a Park Ridge, 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.

This article is written specifically for small business owners in Park Ridge, New Jersey who are interested in getting a bank loan.

Local Park Ridge Business Lenders

Without further adieu, here's our list of small business banks in Park Ridge.

Small Business Bank Recent SBA Loans
BostonCommerce.Net  
Commerce Bank  
Oritani Savings Bank  

Lenders for Park Ridge Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of America
Providence, RI
2
Commerce Bank/north
Ramsey, NJ
2
Jpmorgan Chase Bank
Houston, TX
1
Manufacturers & Traders Trust
Buffalo, NY
1
Pnc Bank, National Association
Pittsburgh, PA
1
Td Banknorth
Saddle Brook, NJ
3

Tips for Getting a Business Loan in Park Ridge

As a prerequisite to meeting with 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.

Being able to present a well-written business plan is is critically important. If the financing is to for an existing 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 pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review 504 Loans.

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