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March 28, 2024  
 
 
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Small Business Lenders in Bernville, Pennsylvania

 
Loan Census SBA Loan Info

Raising money in Bernville, Pennsylvania? If so, you'll want to talk to some of these small business lenders in Bernville.

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

Other Lending Resources for Bernville Businesses

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

Small Business Bank Recent SBA Loans
Innovative Bank
Oakland, CA
1
Manufacturers & Traders Trust
Amherst, NY
1
Manufacturers & Traders Trust
Baltimore, MD
1
Manufacturers & Traders Trust
Buffalo, NY
2
Rbs Citizens
Providence, RI
1
Sovereign Bank
Wyomissing, PA
1
Vist Bank
Wyomissing, PA
9

Business Loan Advice for Bernville Businesses

Prior to contacting banks to get a bank loan, you will need to have a specific plan.

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 plan to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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, you will likely be asked to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history 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 participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business 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

If you are new to our Gaebler.com site, you should know that we are dedicated to assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we recommend you read 504 Loans.

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