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

Falls Creek, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Falls Creek, 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.

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

Banks that Lend to Falls Creek Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
First Commonwealth Bank
Hollidaysburg, PA
1

Falls Creek Bank Loan Tips

Before reaching out to 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, describe what the money will finance, and show your ability to pay the money back to the lender.

A well-defined business plan is is critically important. If the capital is to for a company that is already doing business, 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 are SBA lenders. Before meeting with the 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.

Gaebler.com Advice on Raising Money

If you are new to our Gaebler.com site, you should know that we are all about aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we recommend you read Attracting Investors.

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