Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

North Braddock, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

Looking for a North Braddock, Pennsylvania small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Lenders for North Braddock Businesses

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

Small Business Bank Recent SBA Loans
Pnc Bank, National Association
Pittsburgh, PA
2
Rbs Citizens
Providence, RI
1

North Braddock Bank Loan Tips

Before reaching out to lenders to discuss getting a bank 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 lender.

Having a business plan is is critically important. If the money 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 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Borrowing Money from Friends and Family.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Norristown
Get a Business Loan in North Versailles

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