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

Small Business Lenders in Ford City, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Ford City Business Lenders

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

Small Business Bank Recent SBA Loans
Armstrong County Building & Loan Association  
Citizens Bank-Ford City  

Banks that Lend to Ford City Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Citizens Bank Of Pennsylvania
Philadelphia, PA
4
Enterprise Bank
Allison Park, PA
2
First Commonwealth Bank
Hollidaysburg, PA
2
First National Bank - Pennsylvania
Hermitage, PA
2
First National Bank - Pennsylvania
Johnstown, PA
2
National City Bank
Erie, PA
2
National City Bank
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
12
S & T Bank
Pittsburgh, PA
1

Business Loan Advice for Ford City Businesses

As a prerequisite to contacting banks to get 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

Being able to present a well-written 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. 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 these banks 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 educate yourself. If you haven't read it already, we recommend you review Bank Credit Lines.

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