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1. M&T Bank
Manufacturers and Traders Trust Company has been in business for 165 years and is also known as M & as M&T Bank operating in 8 states and Washington, DC, with 780 branches. Manufacturers and Traders Trust Company provide a number of banking services through loans, grants, and personal banking.
We reached out to M&T Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Nationally recognized Top 10 SBA lender
- SBA Preferred Lender
- New and established businesses can apply
- Flexibility in use of funds, such as renovations or working capital
- No prepayment penalties for terms under 15 years
- SBA guarantee fees waived up to $500,000
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
2. Wells Fargo Bank
Wells Fargo Bank was started in 1852 by Henry Wells and William G. Fargo as a bank to help customers build business and manage money. Wells Fargo Bank offers many products through its many branches to meet customers’ needs, including mortgages, wealth management, and personal and small business banking.
We reached out to Wells Fargo Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
3. TD Bank
TD Bank was founded in 1852 in Portland, Maine, as a bank to help the community. Since that time, TD Bank has grown to be able to provide all types of services and products to meet the needs of its customers on a broad level all across the country.
We reached out to TD Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Preferred SBA Lender
- #1 SBA Lender on the East Coast
- Offers the SBA 7(A) Loan Program, SBA 504 Loan Program and SBA Express Loans.
- Down payments as low as 10% across both SBA loan programs.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
4. Newtek
Newtek offers a number of services for businesses to help them to meet their financial needs. Products such as loans, cloud solutions, IT security, payment processing, payroll, and options when it comes to disaster recovery are available to protect and help a business to thrive and grow.
We reached out to Newtek to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program.
- One of the nation’s largest non-bank government guaranteed lender.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
5. Hanmi Bank
Established in 1982 as the Korean American Bank, Hanmi Bank is now available in 9 states with 35 branches and 8 product offices to meet the needs of its customers. Hanmi Bank has $7.1 billion in assets to meet the needs of its customers through loans and other financial products.
We reached out to Hanmi Bank to see if there were any advantages to working with them during the SBA loan process. Here is what they told us:
- SBA Preferred Lender
- Offers the SBA 7(A) Loan Program and SBA 504 Loan Program.
- Loans can be used for working capital, business acquisition, equipment purchases or other purposes.
When you’re ready to connect with an experienced SBA loan officer, use our form to quickly match with SBA loan programs based on your specific circumstances.
Other resources for small businesses in Maryland
Building a strong business may make it easier for companies to obtain the capital they need to grow. To do that, it is often necessary to use a variety of resources to grow your education and knowledge. There are free tools that can help.
One of those tool is SCORE, an organization that provides training programs, workshops, and lots of small business support from established and successful businesses. This information can be very helpful in growing your skill to building and managing your company. There’s a main office in Baltimore, but there are lots of resources right online.
The Small Business Administration in Maryland can also be an excellent place to get information. It offers a wide range of resources and tools to support company’s including access to credit building tools, taxation management, hiring employees, and building a business plan. This is also a free resource packed with exceptional tools.
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