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

Littlestown, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Littlestown, Pennsylvania! If that's what's on your mind, you've come to the right place.

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

Local Littlestown Business Loan Sources

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

Small Business Bank Recent SBA Loans
Adams County National Bank  
Bank of Hanover  
Community National Bank of Southern Pennsylvania  

Business Loan Providers for Littlestown Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Capital One
Mclean, VA
1
Manufacturers & Traders Trust
Towson, MD
2
Newtek Small Business Finance Inc.
New York, NY
1
Pnc Bank, National Association
Pittsburgh, PA
2

Littlestown Bank Loan Tips

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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 bank.

A well-defined business plan is is critically important. If the money 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 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to get up to speed 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 new to our Gaebler.com site, you should know that we are dedicated to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, one article that might be of interest to you is 504 Loans.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Lititz
Get a Business Loan in Lower Burrell

Browse All Business Loan Sources for Pennsylvania