These materials were prepared for for small business owners in Chatham, Massachusetts who are interested in getting a bank loan.
Borrowing money is one of the most common sources of funding for a small business, but securing debt financing isn't always easy.
Improve your odds by talking to as many banks as possible.
When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer a better deal than others.
By meeting with all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get the best rate on a small business loan.
Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.
To help you learn more about local small business lenders, here's our list of small business banks in Chatham.
| Small Business Bank |
Recent SBA Loans |
| Cape Cod Five Cents Savings Bank |
|
| Compass Bank |
|
Be sure to speak with bankers outside of Chatham, Massachusetts. These banks, in the table below, have lent to other Chatham small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.
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