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March 29, 2024  
 
 
  Business Loan Information  
 

Nazareth, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Nazareth, Pennsylvania seems challenging at first, but we're here to help you get started.

This article is written specifically for entrepreneurs in Nazareth, Pennsylvania who are interested in getting a small business loan.

Local Nazareth Business Loan Sources

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

Small Business Bank Recent SBA Loans
National Penn Bank 1

Banks that Lend to Nazareth Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Bank Of The West
San Francisco, CA
1
Capital One
Mclean, VA
4
First Star Savings Bank
Bethlehem, PA
3
Lafayette Ambassador Bank
Bethlehem, PA
2
Lafayette Ambassador Bank
Easton, PA
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
National Penn Bank
Boyertown, PA
1
Pnc Bank, National Association
Philadelphia, PA
5
Pnc Bank, National Association
Pittsburgh, PA
10
Rbs Citizens
Providence, RI
3
Unitedtrust Bank
Phillipsburg, NJ
1
Washington Mutual Bank
Henderson, NV
1

Nazareth Business Loan Advice

Before contacting lenders to get 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 lender.

A well-defined business plan is an important prerequisite. If the financing is to for a company that is already doing 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 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 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 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Cash Advances.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Nanticoke
Get a Business Loan in New Brighton

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