Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Ashland, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Ashland, Pennsylvania small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

If you are looking for a small business loan and your business is based in Ashland, Pennsylvania, we've assembled a list of local small business banks that you should contact.

Local Ashland Lending Resources

Without further adieu, here's our list of small business banks in Ashland.

Small Business Bank Recent SBA Loans
Citizens National Bank  
Community Banks  

Banks that Lend to Ashland Businesses

This is a list of banks outside of Ashland, Pennsylvania that have provided SBA loans to Ashland businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Manufacturers & Traders Trust
Amherst, NY
2
Manufacturers & Traders Trust
Buffalo, NY
2
National Penn Bank
Hazleton, PA
1
Omega Bank
Lewisburg, PA
2

Ashland Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

Having a business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks are SBA lenders. Before meeting with the banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is deeply committed to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read Business Incubators.

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