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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Swedesboro, New Jersey

 
Loan Census SBA Loan Info

Getting a business loan in Swedesboro, New Jersey seems challenging at first, but we're here to help you get started.

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

Local Swedesboro Banks

To help you learn more about local small business lenders, here's our list of small business banks in Swedesboro.

Small Business Bank Recent SBA Loans
Falkenberg Amadio Kathy  
Franklin Savings Bank SLA - Swedesboro  

Banks that Lend to Swedesboro Businesses

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

Small Business Bank Recent SBA Loans
1st Constitution Bank
Cranbury, NJ
1
Commerce Bank
Philadelphia, PA
3
Hsbc Bank Usa
Buffalo, NY
1
Manufacturers & Traders Trust
Buffalo, NY
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
3
Sun National Bank
Vineland, NJ
1
Susquehanna Bank Dv
Bryn Mawr, PA
1
The Bank
Woodbury, NJ
5
Valley National Bank
North Plainfield, NJ
1

Tips for Getting a Business Loan in Swedesboro

Prior to contacting 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, describe what the money will finance, and show how you plan to pay the money back to the bank.

Having a business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review SBIR Funding.

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