Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

West Middlesex, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in West Middlesex, 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 West Middlesex, Pennsylvania, we've put together a list of local small business banks that you should contact.

Local West Middlesex Business Loan Sources

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

Small Business Bank Recent SBA Loans
First National Bank of Pennsylvania - Grove City Offices- West Middlesex Of  

Other Lending Resources for West Middlesex Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First National Bank - Pennsylvania
Hermitage, PA
4
National City Bank
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
1
The Huntington National Bank
Beaver, PA
1
The Huntington National Bank
Salineville, OH
1
The Huntington National Bank
Toledo, OH
1

West Middlesex Bank Loan Tips

Prior to meeting with lenders for a 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.

A well-defined business plan is essential. If the loan 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to secure the business with 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 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Investor Turnoffs.

Business Loan Sources for Other Cities in Pennsylvania
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