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

Sayreville, New Jersey Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Sayreville, New Jersey who are interested in getting a small business loan.

Local Sayreville Banks

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

Small Business Bank Recent SBA Loans
Amboy National Bank - Offices- Sayreville  
Harmonia Savings Bank  
Penn Federal Savings Bank  

Banks that Lend to Sayreville Businesses

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

Small Business Bank Recent SBA Loans
Amboy Bank
Old Bridge, NJ
2
Bank Of America
Charlotte, NC
3
Bank Of America
Providence, RI
6
Bnb Bank, National Association
Fort Lee, NJ
1
Cit Small Business Lending Corp
Livingston, NJ
1
City National Bank - New Jersey
Newark, NJ
1
Columbia Bank
Paramus, NJ
2
Commerce Bank
Flemington, NJ
1
Independence Bank
East Greenwich, RI
1
Jpmorgan Chase Bank
Houston, TX
1
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
2
Skylands Community Bank
Somerville, NJ
1
Sovereign Bank
Villanova, PA
1
Sovereign Bank
Wyomissing, PA
1
Td Banknorth
Mahwah, NJ
1
Unity Bank
Clinton, NJ
3
Ups Cap. Business Cr. - New Jersey
Edison, NJ
1
Valley National Bank
North Plainfield, NJ
1

Sayreville Business Loan Advice

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Having a business plan is an important prerequisite. If the money 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, the bank may ask you to to secure the business 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 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read SBIR Funding.

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