Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Rockaway, New Jersey Small Business Loans

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Rockaway, New Jersey, we've assembled a list of local small business banks that you should contact.

Local Rockaway Business Loan Sources

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

Small Business Bank Recent SBA Loans
Lakeland Bank  
Santangelo Michael R Agent  
Skylands Community Bank 2
Sovereign Bank - Morris County- Denville  

SBA Lenders for Rockaway Businesses

This is a list of banks outside of Rockaway, New Jersey that have provided SBA loans to Rockaway 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
Bank Of America
Charlotte, NC
3
Bank Of America
Des Moines, WA
1
Bank Of America
Providence, RI
10
Bnb Bank, National Association
Fort Lee, NJ
2
Cit Small Business Lending Corp
Livingston, NJ
3
Commerce Bank/north
Ramsey, NJ
2
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Syracuse, NY
2
Jpmorgan Chase Bank
Houston, TX
2
Lakeland Bank
Newfoundland, NJ
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
4
Pnc Bank, National Association
Somerset, NJ
1
Shinhan Bank America
New York City, NY
1
Skylands Community Bank
Hackettstown, NJ
1
Sovereign Bank
Villanova, PA
1
Sovereign Bank
Wyomissing, PA
2
The Bank Of New York
New York City, NY
1
Unity Bank
Clinton, NJ
1
Valley National Bank
North Plainfield, NJ
9
Wachovia SBA Lending, Inc.
Roseville, CA
2

Rockaway Bank Loan Tips

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

Having a business plan is essential. If the financing 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 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. Prior to visiting local banks, 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

Our Gaebler.com site is dedicated to assisting small business owners, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read SBIR Funding.

Business Loan Sources for Other Cities in New Jersey
Get a Business Loan in Rochelle Park
Get a Business Loan in Roseland

Browse All Business Loan Sources for New Jersey