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

Small Business Lenders in Somerset, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Somerset Lending Resources

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

Small Business Bank Recent SBA Loans
1 St Summit Bank Member FDIC  
1st Summit Bank - Community Offices- Somerset  
Ameriserv Financial Bank 2
First National Bank  
Somerset Trust Company 47

Lenders for Somerset Businesses

Be sure to speak with bankers outside of Somerset, Pennsylvania. These banks, in the table below, have lent to other Somerset small business owners. In some cases, these large banks may have local bankers you can speak with regarding small business loans.

Small Business Bank Recent SBA Loans
Ameriserv Financial Bank
Johnstown, PA
2
Business Loan Center, LLC
New York, NY
1
First Commonwealth Bank
Hollidaysburg, PA
11
First National Bank - Pennsylvania
Hermitage, PA
6
First National Bank - Pennsylvania
Johnstown, PA
1
Manufacturers & Traders Trust
Amherst, NY
1
Manufacturers & Traders Trust
Buffalo, NY
1
National City Bank
Erie, PA
1
Pnc Bank, National Association
Pittsburgh, PA
10
Rbs Citizens
Providence, RI
11
Sovereign Bank
Wyomissing, PA
1

Business Loan Advice for Somerset Businesses

Getting a bank loan is one of the most common sources of funding for a small business, but getting a loan can be difficult.

Improve your odds by talking to as many banks as possible.

When applying for a small business loan, you will find that some banks will not work with you and others will. Of those banks that will work with you, some will offer better loan terms than others.

By talking to all of the local banks in your area, and even reaching out to some of the national banks, you will be sure to get very competitive loan terms.

Remember, before contacting lenders, be sure to prepare your business profile, loan request details, collateral description, business financial statements and personal financial statements.

Gaebler.com Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Shippensburg
Get a Business Loan in Springfield

Browse All Business Loan Sources for Pennsylvania