Covered by NYDaily News. Las Vegas man accused of threatening a prominent attorney and making vile remarks.
Covered by New York Times, and other outlets. Fake heiress accused of conning the city’s wealthy, and has an HBO special being made about her.
Accused of stalking Alec Baldwin. The case garnered nationwide attention, with USAToday, NYPost, and other media outlets following it closely.
Juror who prompted calls for new Ghislaine Maxwell trial turns to lawyer who defended Anna Sorokin.
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The Spodek Law Group understands how delicate high-profile cases can be, and has a strong track record of getting positive outcomes. Our lawyers service a clientele that is nationwide. With offices in both LA and NYC, and cases all across the country - Spodek Law Group is a top tier law firm.
Todd Spodek is a second generation attorney with immense experience. He has many years of experience handling 100’s of tough and hard to win trials. He’s been featured on major news outlets, such as New York Post, Newsweek, Fox 5 New York, South China Morning Post, Insider.com, and many others.
In 2022, Netflix released a series about one of Todd’s clients: Anna Delvey/Anna Sorokin.
Why Clients Choose Spodek Law Group
The reason is simple: clients want white glove service, and lawyers who can win. Every single client who works with the Spodek Law Group is aware that the attorney they hire could drastically change the outcome of their case. Hiring the Spodek Law Group means you’re taking your future seriously. Our lawyers handle cases nationwide, ranging from NYC to LA. Our philosophy is fair and simple: our nyc criminal lawyers only take on clients who we know will benefit from our services.
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Starting or growing a small business often requires financing to get off the ground. Small business loans allow entrepreneurs to access the capital they need to launch their venture and cover expenses like equipment purchases, renovations, inventory, marketing, hiring employees, and more. With so many options to choose from, finding the right lender for your specific needs can feel overwhelming. This guide covers tips for locating the best banks for small business loans in your state.
The first step is identifying what type of small business loan best aligns with your needs and qualifications. The most common loan types include:
Consider when you need funds, how much you need, intended use case, and your ability to qualify and repay.
Your location plays a key role in loan availability and terms. Focus your search on banks operating in your state or metro region.
Many national banks like Chase and Bank of America have small business lending programs. However, smaller regional and community banks are worth considering too.
Ask other entrepreneurs in your industry or neighborhood for recommendations on banks they’ve worked with successfully. Or search online review sites like Yelp to see which banks come highly rated for small business lending in your location.
As you research potential lenders, pay close attention to the types of loans offered, loan amounts, rates, fees, repayment terms, collateral requirements, and other specifications.
Pay attention to differences across lenders that influence the true cost of borrowing and repayment burden. Don’t just look at interest rates. Do the math to calculate total costs in each loan scenario.
After thorough research and comparisons, you can narrow down the top contending banks to apply with. Be prepared with all required documentation like prior years tax returns, business formation documents, business plans, profit and loss statements, balance sheets, etc.
Many banks allow online loan applications for convenience. Otherwise, schedule meetings with business bankers or lending officers at your chosen banks. Ask questions and discuss your specific situation to determine if they can address your needs.
A best practice is to submit applications with 2-3 potential lenders rather than just applying with one. This creates some competition among them to earn your business. If one lender offers unfavorable terms or declines your application, you have backups in place.
Hopefully you’ll receive multiple loan offers to choose between. Do another round of comparisons, this time with actual loan quotes in hand. In addition to rates/fees, consider factors like customer service, application experience, and your overall gut feeling.
If you have strong offers from multiple lenders, you may be able to negotiate improved terms with one or more. Be prepared to politely push back on interest rates, fees, collateral policy, or other pain points. Offer to shift more of your banking relationship to them in exchange for better loan terms. If able, highlight better offers from competitors and ask them to match or beat them.
After careful consideration of pros and cons and negotiating your best deal, the last step is proceeding with your chosen lender by accepting their loan offer. Schedule a closing meeting to sign loan agreements and disburse funds.
Remember that lending relationships can span many years. Endeavor to choose a financing partner that earns your trust and stands ready to support your enterprise over the long haul. Even after you close your first loan, continue nurturing this important relationship so you have an advocate ready to assist with future funding needs.
This table summarizes the best banks for small business lending broken down by state:
|Top Regional Banks
|Top National Banks
|Top Credit Unions
|Regions Bank, BBVA, Cadence Bank
|Wells Fargo, Truist, PNC
|Alabama CU, Alabama Teachers CU
|Northrim Bank, First National Bank Alaska
|Wells Fargo, KeyBank
|Credit Union 1, Alaska USA FCU
|Western Alliance Bank, MidFirst Bank
|Chase, Wells Fargo
|Vantage West CU, Arizona FCU
While major national brands have name recognition, take time to research regional and local banks operating in your state. Credit unions specific to your industry or geographic area are also great options with competitive loan products. With an array of lenders eager to win your business, shop around for the best fit.
Securing financing for your entrepreneurial endeavor can be challenging. But finding the right lending provider that understands your business and funding needs makes a big difference. Rather than just a transactional relationship, you want a trusted advisor who will be in your corner at every stage of growth.
We hope this guide gave you tips on locating the best small business loan banks in your local area. Do diligent research and get informed before committing to any loan product. If you invest time upfront finding an ideal lending match, it will pay dividends for your enterprise down the road. Reach out with any other questions on securing financing for your aspirations and making those business dreams a reality
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