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

Highspire, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Highspire, Pennsylvania, we've assembled a list of local small business banks that you should contact.

Local Highspire Banks

To help you learn more about local small business lenders, here's our list of small business banks in Highspire.

Small Business Bank Recent SBA Loans
Citizens Bank - ATM Location  
Citizens Bank-Highspire  

Business Loan Providers for Highspire Businesses

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

Small Business Bank Recent SBA Loans
Blc Bank
Camp Hill, PA
1
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank/harrisburg Natl
Lemoyne, PA
3
Fulton Bank
Lancaster, PA
1
Pnc Bank, National Association
Philadelphia, PA
1
Rbs Citizens
Providence, RI
1
Susquehanna Bank Dv
Pottstown, PA
1

Highspire Bank Loan Tips

Before contacting lenders 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, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.

Being able to present a well-written business plan is is critically important. If the bank loan is to for a going concern, 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 pledge 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. Before you sit down to talk with a small business banker, 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.

Gaebler.com Advice on Raising Money

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 Angel Investors.

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