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

Clearfield, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

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

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

Local Clearfield Business Lenders

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

Small Business Bank Recent SBA Loans
C S B Bank  
Clearfield Bank & Trust CO - Branch Offices- Goldenrod Office  
Clearfield Bank & Trust CO - Main Office  
Cnb Bank 1
County National Bank  
First Commonwealth Bank - Clearfield Mall  

Lenders for Clearfield Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Citizens & Northern Bank
Wellsboro, PA
1
Comerica Bank
Dallas, TX
1
First Commonwealth Bank
Hollidaysburg, PA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
2
Manufacturers & Traders Trust
Buffalo, NY
1
Pnc Bank, National Association
Pittsburgh, PA
3
Wells Fargo Bank
San Jose, CA
1

Clearfield Business Loan Advice

Prior to meeting with 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the capital is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Angel Investors.

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