We wrote this article for for entrepreneurs in Lexington, Massachusetts who are interested in getting a bank loan.
It's only a matter of time.
"I need to learn how to get a small business loan." you'll say.
Maybe you need a $30,000 small business loan to upgrade your business. Perhaps you need a $200,000 business loan to buy some new equipment.
It's time to sit down with a small business banker in Lexington.
Sure, there are other sources of small business funding: borrowing family money, venture capital investors,
and merchant cash advance companies, to name a few.
But, at the end of the day, obtaining a small business loan from a small-business friendly bank is often the easiest way for a small business to raise money quickly to meet short-term business objectives.
To help you learn more about local small business lenders, here's our list of small business banks in Lexington.
| Small Business Bank |
Recent SBA Loans |
| Brookline Bank |
|
| Citizens Bank |
|
| Connaughton Development Corporation |
|
| Eagle Bank |
|
| Guardian Savings |
|
| Hunneman-Coldwell Banker - Area Real Estate- Lexington |
|
| Sovereign Bank - Area Office- Lexington |
|
Banks outside of Lexington will often lend to entrepreneurs in Lexington, MA. Here's a list of out-of-area banks that have recently made loans to Lexington entrepreneurs. Some of these banks may have local branches but underwrite the loans from an out-of-state banking location.
| Small Business Bank |
Recent SBA Loans |
Bank Of America
Charlotte, NC |
2 |
Bank Of America
Providence, RI |
8 |
Danversbank
Danvers, MA |
2 |
Eastern Bank
Boston, MA |
1 |
Enterprise Bank & Trust
Westford, MA |
1 |
Independence Bank
East Greenwich, RI |
1 |
Rbs Citizens
Boston, MA |
3 |
Rbs Citizens
Providence, RI |
10 |
Sovereign Bank
Villanova, PA |
1 |
Sovereign Bank
Wyomissing, PA |
2 |
Td Banknorth
Portland, ME |
1 |
Unity Bank
Clinton, NJ |
1 |
More Advice on Raising Money
If you are serious about Raising
Money, you need to learn as much as you can. If you haven't read it
already, we recommend you review
Getting a Small Business Loan.
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