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

Avondale, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

Looking for a Avondale, 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.

This article is written specifically for entrepreneurs in Avondale, Pennsylvania who are interested in getting debt financing.

Local Avondale Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Avondale.

Small Business Bank Recent SBA Loans
First Financial Bank  
National Penn Bank 1

Lenders for Avondale Businesses

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

Small Business Bank Recent SBA Loans
National Penn Bank
Boyertown, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
1
Susquehanna Bank Dv
West Chester, PA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Avondale Business Loan Advice

As a prerequisite to reaching out to 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, define how the money will be used, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan 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 to guarantee the loan 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 the banks in our list are SBA lenders. Before meeting with the banker, you may want to do your homework 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Audubon
Get a Business Loan in Beaver Falls

Browse All Business Loan Sources for Pennsylvania