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March 28, 2024  
 
 
  Business Loan Information  
 

Jefferson, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Jefferson, Pennsylvania small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Banks that Lend to Jefferson Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
National City Bank
Pittsburgh, PA
2
Pnc Bank, National Association
Pittsburgh, PA
2
Rbs Citizens
Norwood, MA
1
Rbs Citizens
Providence, RI
5

Jefferson Bank Loan Tips

As a prerequisite to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 are SBA lenders. 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read Microlending as a Small Business Funding Source.

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