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

Schwenksville, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Schwenksville, Pennsylvania! If that's what's on your mind, you've come to the right place.

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

Local Schwenksville Business Lenders

Without further adieu, here's our list of small business banks in Schwenksville.

Small Business Bank Recent SBA Loans
Ambler Savings Bank  

Business Loan Providers for Schwenksville Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Blue Bell, PA
2
Bank Of America
Charlotte, NC
1
Citizens Bank Of Pennsylvania
Philadelphia, PA
3
Enterprise Invest Fund Inc.
Philadelphia, PA
1
Fulton Bank
Doylestown, PA
1
Pnc Bank, National Association
Pittsburgh, PA
3
Quakertown Bank
Quakertown, PA
1
Rbs Citizens
Providence, RI
7
Sovereign Bank
Villanova, PA
1
Sovereign Bank
Wyomissing, PA
4
Univest National Bank & Trust.
Souderton, PA
8

Schwenksville Bank Loan Tips

Before meeting with lenders 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 lender.

Being able to present a well-written business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 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 these banks are SBA lenders. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Credit Evaluation.

More Business Loan Info for Pennsylvania
Get a Business Loan in Schuylkill Haven
Get a Business Loan in Scranton

Browse All Business Loan Sources for Pennsylvania