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March 28, 2024  
 
 
  Business Loan Information  
 

Yorkshire, New York Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Yorkshire, New York small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Yorkshire, New York, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for Yorkshire Businesses

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

Small Business Bank Recent SBA Loans
Community Bank
Canton, NY
1
Five Star Bank
Warsaw, NY
3
The Bank Of Castile
Castile, NY
1
The Bank Of Castile
Perry, NY
1

Yorkshire Bank Loan Tips

Prior to reaching out to banks 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 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. Before meeting with the banker, 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

Gaebler.com is a site that is all about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we recommend you read 504 Loans.

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