Loan Census Banking News and Information
February 1, 2023  
 
 
  Business Loan Information  
 

Waterbury, Connecticut Business Loan

 
Loan Census SBA Loan Info

Small business loans in Waterbury, Connecticut are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Waterbury, Connecticut who are interested in getting a bank loan.

Local Waterbury Business Loan Sources

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

Small Business Bank Recent SBA Loans
American Savings Bank - Colonial Plaza  
Banknorth Connecticut - Banking Centers  
Banknorth CT  
Charter One Bank  
First Union  
Naugatuck Savings Bank  
Neighborhood Gold  
People's Bank  
Savings Bank of Danbury  
Sovereign Bank - Waterbury East End  
Sovereign Bank New England A Div 1
Td Banknorth 8
Thomaston Savings Bank - Waterbury Branch  
Wachovia - Financial Centers- Waterbury- Downtown Office ATM  
Wachovia - Financial Centers- Waterbury- Town Plot Office ATM  
Wachovia - Financial Centers- Waterbury- Valley Mall Office ATM  
Wachovia - Financial Centers- Waterbury- Waterbury Plaza Office ATM  
Webster Bank 250

Banks that Lend to Waterbury Businesses

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

Small Business Bank Recent SBA Loans
Apple Valley Bank & Trust
Cheshire, CT
3
Banco Popular North America
New York City, NY
1
Bank - Southern Connecticut
New Haven, CT
1
Bank Of America
Charlotte, NC
5
Bank Of America
Providence, RI
25
Business Lenders, LLC
Hartford, CT
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
6
Cit Small Business Lending Corp
Livingston, NJ
9
Community So. Bank D.b.a Commun
Parsons, TN
1
Home Loan Invest Bank F.s.b.
Warwick, RI
2
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Naugatuck Savings Bank
Naugatuck, CT
1
Ncb, FSB
Hillsboro, OH
2
Newalliance Bank
New Haven, CT
2
Newtek Small Business Finance Inc.
New York, NY
1
Newtown Savings Bank
Newtown, CT
3
People's United Bank
Bridgeport, CT
4
People's United Bank
Stamford, CT
1
Rbs Citizens
Providence, RI
3
Savings Bank Of Danbury
Danbury, CT
9
Shinhan Bank America
New York City, NY
1
Sovereign Bank
Villanova, PA
3
Sovereign Bank
Wyomissing, PA
4
Td Banknorth
Mahwah, NJ
3
Td Banknorth
Portland, ME
8
Thomaston Savings Bank
Thomaston, CT
21
Unity Bank
Clinton, NJ
2
Ups Capital Business Credit
Windsor, CT
4
Webster Bank
Cheshire, CT
1
Webster Bank
New Britain, CT
1
Webster Bank
New Haven, CT
14

Waterbury Business Loan Advice

Before meeting with banks to discuss getting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

A well-defined 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. In addition, you should itemize 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 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 look at your personal credit report 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. 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

Our Gaebler.com site is devoted to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read Realistic Debt Financing Options.

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