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

Business Loan Honesdale, Pennsylvania

 
Loan Census SBA Loan Info

I need a loan for my business in Honesdale, 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 Honesdale, Pennsylvania who are interested in getting a bank loan.

Local Honesdale Business Lenders

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

Small Business Bank Recent SBA Loans
Citizens Savings Bank  
Honesdale National Bank 3
Wayne Bank 1

Other Lending Resources for Honesdale Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Citibank
Burkburnett, TX
1
Fidelity Deposit & Discount Bk
Dunmore, PA
1
Pnc Bank, National Association
Philadelphia, PA
2
Rbs Citizens
Providence, RI
1

Tips for Getting a Business Loan in Honesdale

Prior 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.

Having a business plan is essential. 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 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, the bank may ask you to 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 the banks in our list are SBA lenders. 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.

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 Getting a Small Business Loan.

More Business Lender Lists for Pennsylvania Cities
Get a Business Loan in Hollidaysburg
Get a Business Loan in Horsham

Browse All Business Loan Sources for Pennsylvania