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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in New Ringgold, Pennsylvania

 
Loan Census SBA Loan Info

Small business loans in New Ringgold, 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 New Ringgold, Pennsylvania, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for New Ringgold Businesses

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

Small Business Bank Recent SBA Loans
Sovereign Bank
Villanova, PA
2

Business Loan Advice for New Ringgold Businesses

As a prerequisite to contacting lenders to get a bank loan, you will need to have a specific plan.

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.

Being able to present a well-written business plan is essential. If the bank 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, the bank may ask you to to pledge your personal assets, such as the equity in your home. 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read How Equity Dilution Works.

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