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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Stroudsburg, Pennsylvania

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Stroudsburg, Pennsylvania who are interested in getting debt financing.

Local Stroudsburg Business Loan Sources

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

Small Business Bank Recent SBA Loans
ESSA Bank  

Banks that Lend to Stroudsburg Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Providence, RI
2
Capital One
Mclean, VA
2
Capital One Bank (usa)
Glen Allen, VA
1
Commerce Bank
Philadelphia, PA
1
First Keystone National Bank
Berwick, PA
1
Innovative Bank
Oakland, CA
5
Manufacturers & Traders Trust
Amherst, NY
2
Manufacturers & Traders Trust
Buffalo, NY
1
Newtek Small Business Finance Inc.
New York, NY
1
Pennstar Bank, A Division Of
Lake Ariel, PA
2
Pennstar Bank, A Division Of
Scranton, PA
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
20
Preferred Capital Bidco, Inc.
Wilmington, DE
1
Rbs Citizens
Providence, RI
13
Small Business Loan Source LLC
Houston, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Td Banknorth
Mahwah, NJ
3
Unity Bank
Clinton, NJ
1
Ups Capital Business Credit
Windsor, CT
1
Valley National Bank
North Plainfield, NJ
2

Tips for Getting a Business Loan in Stroudsburg

Before reaching out to banks to get 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 to guarantee the loan 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 the banks in our list are SBA lenders. Before you sit down to talk with a small business 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.

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Business Loan Sources for Other Cities in Pennsylvania
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