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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Sag Harbor, New York

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Sag Harbor, New York who are interested in getting debt financing.

Business Loan Providers for Sag Harbor Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
3
Bridgehampton National
Bridgehampton, NY
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Jpmorgan Chase Bank
Houston, TX
1
Rbs Citizens
Providence, RI
1
Suffolk Cnty National Bank - Riverh
Riverhead, NY
3

Tips for Getting a Business Loan in Sag Harbor

As a prerequisite to reaching out to lenders to get a bank 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, define how the money will be used, and show how you intend to to pay the loan back to the lender.

Having a business plan is is critically important. If the capital is to for a company that is already doing 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, you will likely be asked 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

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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