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

Business Loan East Berlin, Pennsylvania

 
Loan Census SBA Loan Info

Looking for a East Berlin, Pennsylvania small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business owners in East Berlin, Pennsylvania who are interested in getting debt financing.

Local East Berlin Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in East Berlin.

Small Business Bank Recent SBA Loans
Adams County National Bank  
Susquehanna Bank Pa 1

Lenders for East Berlin Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
First Commonwealth Bank
Hollidaysburg, PA
1
Mid Penn Bank
Millersburg, PA
1
New Windsor State Bank
Westminster, MD
1
Rbs Citizens
Providence, RI
1
Stonebridge Bank
West Chester, PA
1
Wells Fargo Bank
San Jose, CA
1

Tips for Getting a Business Loan in East Berlin

Before reaching out to lenders to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the lender.

Being able to present a well-written 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 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 your individual retirement account or pension plan. 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. Prior to visiting local banks, you may want to do your homework 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 planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Choosing VC Firms.

Business Loan Sources for Other Cities in Pennsylvania
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