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March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan New Alexandria, Pennsylvania

 
Loan Census SBA Loan Info

Raising money in New Alexandria, Pennsylvania? If so, you'll want to talk to some of these small business lenders in New Alexandria.

These materials were prepared for small business owners in New Alexandria, Pennsylvania who are interested in getting a bank loan.

Local New Alexandria Banks

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

Small Business Bank Recent SBA Loans
Bank-Ability  
First Commonwealth Bank - Branch Offices- New Alexandria  

Lenders for New Alexandria Businesses

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

Small Business Bank Recent SBA Loans
First Commonwealth Bank
Hollidaysburg, PA
1
National City Bank
Cleveland, OH
1
National City Bank
Erie, PA
2
National City Bank
Pittsburgh, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
6

Tips for Getting a Business Loan in New Alexandria

As a prerequisite to contacting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 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

Our Gaebler.com site is devoted to assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Getting a Small Business Loan.

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