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

Hallstead, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Hallstead, Pennsylvania who are interested in getting a small business loan.

Local Hallstead Business Loan Sources

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

Small Business Bank Recent SBA Loans
Peoples National Bank 2

Banks that Lend to Hallstead Businesses

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

Small Business Bank Recent SBA Loans
Pennstar Bank, A Division Of
Scranton, PA
1

Hallstead Business Loan Advice

Before contacting 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is essential. If the bank loan 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, 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 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. Prior to visiting local banks, 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

Make it a priority to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Choosing VC Firms.

More Business Lender Lists for Pennsylvania Cities
Get a Business Loan in Grove City
Get a Business Loan in Hanover

Browse All Business Loan Sources for Pennsylvania