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In this section of our website, our Staten Island attorneys post blogs on a variety of topics including car accidents, social security disability, workers’ compensation, franchise transactions, business litigation and real estate matters such as refinancing or purchasing a home. Our Staten Island attorneys represent clients throughout New York and New Jersey.
Blog Category:

Business Law

8/13/2009
Vicky Gracia
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Staten Island & Brooklyn New York and New Jersey Business Attorney | Some New Jersey Businesses are Looking to Credit Unions for Financing

NJBiz.com is reporting that some New Jersey business owners are now turning to credit unions instead of to banks for commercial loans.  A lot of businesses are doing this because they feel they have more of a change of being approved for a business loan than they would have with a bank.

James Griffin, Vice President of sales and marketing for the North Jersey Federal Credit Union, says that the mechanics of applying for a commercial loan through a credit union are not much different from that of a bank. 

Typically requirements include personal tax returns, business tax returns, financial statements and sometimes the company's business plan.

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