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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Pittsford, New York

 
Loan Census SBA Loan Info

Small business loans in Pittsford, New York are available. You just need to talk to the right bank.

These materials were prepared for small business owners in Pittsford, New York who are interested in getting a bank loan.

Local Pittsford Lending Resources

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

Small Business Bank Recent SBA Loans
Canandaigua National Bank & Trust 44
Citibank 2
First National Bank of Rochester  

Lenders for Pittsford Businesses

This is a list of banks outside of Pittsford, New York that have provided SBA loans to Pittsford 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
5
Canandaigua National Bank & Trust
Canandaigua, NY
1
Citibank
Rochester, NY
1
First Niagara Bank
Lockport, NY
3
Genesee Regional Bank
Rochester, NY
9
Hsbc Bank Usa
Buffalo, NY
3
Hsbc Bank Usa
Syracuse, NY
8
Jpmorgan Chase Bank
Houston, TX
1
Keybank National Association
Cleveland, OH
2
Manufacturers & Traders Trust
Amherst, NY
15
Manufacturers & Traders Trust
Buffalo, NY
32
Manufacturers & Traders Trust
Towson, MD
1
New York Business Devel Corp
Albany, NY
1
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Providence, RI
11
The Bank Of Castile
Castile, NY
1

Tips for Getting a Business Loan in Pittsford

Prior to meeting with 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 plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the money 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 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 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. Prior to visiting local banks, 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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