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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.






Charles N. Internicola, Esq., a partner at the Staten Island law firm of Decker Decker Dito & Internicola, LLP., is an experienced business and franchise lawyer who represents individuals and experienced business owners in business transactions and business litigation in Staten Island, New York City and New Jersey. Charles is the author of the book "An Entrepreneurs Guide to Purchasing a Business" and he is the editor of the New York Franchise Law Blog.  If you are involved in a business transaction, purchasing or selling a business, establishing a franchise system or involved in a business dispute, contact Charles Internicola to discuss the specialized legal services that he provides to his clients.


IMPORTANT DISCLAIMER: The information contained on this website is provided for general educational purposes only, should not be relied on as legal advice and does not serve to create an attorney client relationship. In utilizing this website you acknowledge that there is no attorney client relationship between you and Charles N. Internicola, Esq. and that the information contained on this site does not and cannot serve as a replacement for the competent legal advice of a licensed attorney in your state. The content of this website is subject to the Copyright of its author, Charles N. Internicola, Esq.
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Decker, Decker, Dito & Internicola
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