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March 29, 2024  
 
 
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Small Business Lenders in Linglestown, Pennsylvania

 
Loan Census SBA Loan Info

Looking for a Linglestown, 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 looking for a small business loan and your business is based in Linglestown, Pennsylvania, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Linglestown Businesses

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

Small Business Bank Recent SBA Loans
Blc Bank
Camp Hill, PA
1

Business Loan Advice for Linglestown Businesses

As a prerequisite to contacting lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the lender.

Having a business plan is essential. If the financing is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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 these banks are SBA lenders. 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Attracting Investors.

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