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March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Nicholson, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Nicholson Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Nicholson.

Small Business Bank Recent SBA Loans
Community Bank & Trust CO - Nicholson Office  
Peoples National Bank 4

Other Lending Resources for Nicholson Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
First Lib Bank & Trust A Divisio
Laceyville, PA
1

Business Loan Advice for Nicholson Businesses

Prior to reaching out to banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the bank.

Having a business plan is an important prerequisite. If the financing 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, 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business banker, 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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