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

Small Business Lenders in Meadville, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Meadville Business Loan Sources

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

Small Business Bank Recent SBA Loans
Citizens Bank - Offices- Meadville  
Citizens Bank-Meadville  
First National Bank  

Lenders for Meadville Businesses

This is a list of banks outside of Meadville, Pennsylvania that have provided SBA loans to Meadville 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
2
Eaton National Bank & Trust.
Eaton, OH
1
First National Bank - Pennsylvania
Hermitage, PA
10
Innovative Bank
Oakland, CA
1
Mercer County State Bank
Sandy Lake, PA
2
National City Bank
Cleveland, OH
3
National City Bank
Erie, PA
30
National City Bank
Louisville, KY
2
National City Bank
Pittsburgh, PA
6
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
14
Rbs Citizens
Providence, RI
27
U.S. Bank National Association
Cincinnati, OH
1
Unity Bank
Clinton, NJ
1
Ups Capital Business Credit
Windsor, CT
9

Business Loan Advice for Meadville Businesses

Before meeting with banks 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the money is to for an existing 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 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 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Bank Credit Lines.

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