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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Shrub Oak, New York

 
Loan Census SBA Loan Info

I need a loan for my business in Shrub Oak, New York! 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 Shrub Oak, New York, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Shrub Oak Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Jpmorgan Chase Bank
Houston, TX
1

Business Loan Advice for Shrub Oak Businesses

As a prerequisite to meeting with lenders 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, 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 an important prerequisite. If the loan 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, 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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 started, we recommend you read Getting a Small Business Loan.

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