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March 29, 2024  
 
 
  Business Loan Information  
 

Hollidaysburg, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

Looking for a Hollidaysburg, 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.

This article is written specifically for small business owners in Hollidaysburg, Pennsylvania who are interested in getting debt financing.

Local Hollidaysburg Lending Resources

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

Small Business Bank Recent SBA Loans
C & G Savings Bank  
Central Bank  
Citizens Bank-Hollidaysburg  
First Commonwealth Bank 1,244
First Commonwealth Trust 1
First National Bank - Pennsylvania 2
Omega Bank 6
Tpf Loan Corporation 1

SBA Lenders for Hollidaysburg Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
C & G Savings Bank
Altoona, PA
1
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Farmers & Merchants Trust
Mcconnellsburg, PA
3
First Commonwealth Bank
Indiana, PA
1
First National Bank - Pennsylvania
Hermitage, PA
2
Manufacturers & Traders Trust
Amherst, NY
9
Manufacturers & Traders Trust
Buffalo, NY
7
National Penn Bank
Boyertown, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
17

Hollidaysburg Business Loan Advice

Before reaching out to banks to discuss getting a bank loan, you will need to have a specific plan.

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.

Being able to present a well-written business plan is an important prerequisite. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 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 these banks 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

Make the effort and learn as much as you can about Raising Money. For starters, we suggest you read Business Line of Credit.

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