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

Exton, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Exton, Pennsylvania! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business proprietors in Exton, Pennsylvania who are interested in getting a small business loan.

Local Exton Lending Resources

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

Small Business Bank Recent SBA Loans
Bank of America  
Beneficial Savings Bank  
Citizens Bank - Offices- Exton  
Citizens Bank-Exton  
Community Bank of Chester County  
DNB First - Other Bank  
Downingtown National Bank  
First Financial Bank - Exton-Lionville- Locations- Exton  
First National Bank - Chester Cnty 2
First National Bank of Chester County - Credit Card Department  
First Resource Bank  
Malvern Federal Savings Bank 3

SBA Lenders for Exton Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Blue Bell, PA
12
Bank Of America
Charlotte, NC
2
Bank Of America
Providence, RI
1
Business Loan Center, LLC
New York, NY
2
Capital One
Mclean, VA
3
Cit Small Business Lending Corp
Livingston, NJ
2
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Devon, PA
2
Commerce Bank
Philadelphia, PA
2
First National Bank - Chester Cnty
West Chester, PA
1
Firstrust Savings Bank
Philadelphia, PA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
1
Manufacturers & Traders Trust
Amherst, NY
2
Manufacturers & Traders Trust
Buffalo, NY
4
National Penn Bank
Boyertown, PA
5
Pnc Bank, National Association
Pittsburgh, PA
8
Preferred Capital Bidco, Inc.
Wilmington, DE
1
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Providence, RI
17
Sovereign Bank
Villanova, PA
4
Sovereign Bank
Wyomissing, PA
5
Sun National Bank
Vineland, NJ
1
Susquehanna Bank Dv
Pottstown, PA
1
Td Banknorth
Mahwah, NJ
1
Td Banknorth
Plymouth Meeting, PA
1
Td Banknorth
Portland, ME
2
Wachovia Bank
Charlotte, NC
1
Wachovia SBA Lending, Inc.
Roseville, CA
2
Wells Fargo Bank
San Jose, CA
1

Exton Business Loan Advice

Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Having a business plan is is critically important. If the financing is to for an existing 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 read up on 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.

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If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review How to Raise Money.

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