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

Enon Valley, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Enon Valley, Pennsylvania who are interested in getting debt financing.

Business Loan Providers for Enon Valley Businesses

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

Small Business Bank Recent SBA Loans
First Commonwealth Bank
Hollidaysburg, PA
1
National City Bank
Louisville, KY
2

Enon Valley Business Loan Advice

Before meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

Having a business plan is essential. If the capital is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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, the bank may ask you to 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. Before you sit down to talk with a small business banker, 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

Make it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Realistic Debt Financing Options.

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