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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Centre Hall, Pennsylvania

 
Loan Census SBA Loan Info

Getting a business loan in Centre Hall, Pennsylvania seems challenging at first, but we're here to help you get started.

These materials were prepared for small business owners in Centre Hall, Pennsylvania who are interested in getting debt financing.

Local Centre Hall Lending Resources

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

Small Business Bank Recent SBA Loans
First National Bank of Centre Hall  

SBA Lenders for Centre Hall Businesses

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

Small Business Bank Recent SBA Loans
Capital One Bank (usa)
Glen Allen, VA
1
First Commonwealth Bank
Hollidaysburg, PA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Kishacoquillas Valley National
Belleville, PA
1
Manufacturers & Traders Trust
Amherst, NY
2
Nittany Bank, A Division Of
State College, PA
4
Rbs Citizens
Providence, RI
3

Tips for Getting a Business Loan in Centre Hall

Before contacting banks to discuss getting a bank loan, you will need to have a specific plan.

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

Being able to present a well-written business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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. Prior to visiting local banks, 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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