Loan Census Banking News and Information
December 15, 2018  
 
 
  Business Loan Information  
 

Small Business Lenders in Philadelphia, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Philadelphia Lending Resources

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

Small Business Bank Recent SBA Loans
1st Security Federal Savings Bank  
Abacus Federal Savings Bank  
Access Cash International Inc  
AHP Settlement Trust  
American Residential Capital and Mortgage CO  
Asian Bank 48
ATM America  
ATM Express; a Credit Card Center Company  
Bank of America  
Beneficial Savings Bank  
Berkshire Financial Holdings Inc.  
Bryce Khadabux  
Chestnut & Bank Condo Associates  
Christiana Bank & Trust CO Inc  
Citizens Bank Of Pennsylvania 671
Comerica Inc  
Commerce Bank 2,479
Commonwealth Bank  
Conestoga Bank 20
Consumer Mortgage Services- Inc  
CS Bell Mortgage  
Deutsche Bank Private Wealth Management  
Earthstar Bank  
Enterprise Invest Fund Inc. 73
Fast Cash ATM  
Fast Cash Inc  
Federal Reserve Bank of Phila  
Fiancial Documents Services  
First Bank of Philadelphia  
First Penn Bank  
First Republic Bank  
Firstrust Savings Bank 22
Hsbc Bank Usa 1
Penn Business Credit, Inc 12
Penn Business Credit, Inc. 2
Pennsylvania Business Bank 1
Pnc Bank, National Association 1,854
Port Richmond Savings 11
Republic First Bancorp, Inc 5
Republic First Bank 13
Royal Asian Bank 3
United Bank Of Philadelphia 9
Ups Capital Business Credit 1
Wachovia Bank 15

Other Lending Resources for Philadelphia Businesses

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

Small Business Bank Recent SBA Loans
Allegiance Bank - No. America
Bala Cynwyd, PA
1
Banco Popular North America
New York City, NY
9
Bank Of America
Bethlehem, PA
1
Bank Of America
Blue Bell, PA
27
Bank Of America
Charlotte, NC
46
Bank Of America
Hackensack, NJ
1
Bank Of America
Providence, RI
58
Bnb Bank, National Association
Fort Lee, NJ
76
Business Lenders, LLC
Hartford, CT
3
Business Loan Center, LLC
New York, NY
14
Business Loan Center, LLC
Panama City Beach, FL
1
Business Loan Center, LLC
Richmond, VA
7
Capital One
Mclean, VA
28
Capital One Bank (usa)
Glen Allen, VA
4
Cit Small Business Lending Corp
Livingston, NJ
16
Citibank
Las Vegas, NV
5
Comerica Bank
Dallas, TX
2
Commerce Bank
Bensalem, PA
4
Commerce Bank
Devon, PA
95
Commerce Bank
Flemington, NJ
3
Conestoga Bank
Chester Springs, PA
3
Eagle National Bank
Upper Darby, PA
1
First Keystone Bank
Media, PA
2
Firstrust Savings Bank
Conshohocken, PA
3
Ge Cap. Small Business Finan Corp
St. Louis, MO
5
Hsbc Bank Usa
Buffalo, NY
6
Hsbc Bank Usa
Syracuse, NY
3
Hsbc Business Loans, Inc
Buffalo, NY
1
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
81
Isn Bank
Cherry Hill, NJ
3
Manufacturers & Traders Trust
Amherst, NY
7
Manufacturers & Traders Trust
Buffalo, NY
22
Manufacturers & Traders Trust
Towson, MD
1
Mellon Bank
Pittsburgh, PA
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
Nara Bank
Los Angeles, CA
1
National Penn Bank
Boyertown, PA
31
Newalliance Bank
New Haven, CT
5
Newtek Small Business Finance Inc.
New York, NY
1
Patriot Bank
Pottstown, PA
1
Patriot Bank
Stowe, PA
1
Penn Liberty Bank
Wayne, PA
2
Pnc Bank, National Association
Pittsburgh, PA
306
Pnc Bank, National Association
Somerset, NJ
5
Preferred Capital Bidco, Inc.
Wilmington, DE
10
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Norwood, MA
3
Rbs Citizens
Providence, RI
818
Royal Bank America
Shillington, PA
1
Shinhan Bank America
New York City, NY
2
Sovereign Bank
Newtown, PA
2
Sovereign Bank
Villanova, PA
19
Sovereign Bank
Wyomissing, PA
59
Star Business & Indust Devel
Ardmore, PA
1
Sun National Bank
Freehold, NJ
1
Sun National Bank
Vineland, NJ
20
Superior Financial Group, LLC
Walnut Creek, CA
15
Susquehanna Bank Dv
Bryn Mawr, PA
21
Susquehanna Bank Dv
Pottstown, PA
7
Susquehanna Bank Dv
Whitehall, PA
1
Td Banknorth
Mahwah, NJ
41
Td Banknorth
Plymouth Meeting, PA
5
Td Banknorth
Portland, ME
5
Temecula Valley Bank
Temecula, CA
1
Textron Business Credit, Inc.
Providence, RI
1
The Bank
Woodbury, NJ
2
The Huntington National Bank
Columbus, OH
2
Third Federal Bank
Newtown, PA
1
Unity Bank
Clinton, NJ
20
Univest National Bank & Trust.
Doylestown, PA
6
Univest National Bank & Trust.
Souderton, PA
2
Ups Capital Business Credit
Windsor, CT
3
Valley National Bank
North Plainfield, NJ
18
Vist Bank
Wyomissing, PA
5
Wachovia Bank
Charlotte, NC
6
Wachovia SBA Lending, Inc.
Roseville, CA
10
Washington Mutual Bank
Henderson, NV
5
Wells Fargo Bank
San Jose, CA
1
Willow Financial Bank
Wayne, PA
2
Wilmington Savings Fund Societ
Wilmington, DE
5
Wilmington Trust Company
Wilmington, DE
1
Woori America Bank
Fort Lee, NJ
5
Woori America Bank
New York City, NY
11

Business Loan Advice for Philadelphia Businesses

Before reaching out to 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined 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. 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, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 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 suggest you read 504 Loans.

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