Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Braddock, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

Small business loans in Braddock, Pennsylvania are available. You just need to talk to the right bank.

We wrote this article for entrepreneurs in Braddock, Pennsylvania who are interested in getting a small business loan.

Other Lending Resources for Braddock Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
National City Bank
Cleveland, OH
2
National City Bank
Erie, PA
2
Pnc Bank, National Association
Philadelphia, PA
2
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
4

Braddock Business Loan Advice

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

A well-defined 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, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. 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 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

Gaebler.com is a site that is devoted to supporting entrepreneurs, and we have a lot of resources related to to Raising Money. If you want to learn about raising money, we would suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Blue Bell
Get a Business Loan in Bradford

Browse All Business Loan Sources for Pennsylvania