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

Lebanon, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Lebanon, Pennsylvania seems challenging at first, but we're here to help you get started.

We wrote this article for entrepreneurs in Lebanon, Pennsylvania who are interested in getting a small business loan.

Local Lebanon Banks

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

Small Business Bank Recent SBA Loans
Automated Teller Machine Services Inc  
Bank of Labanon County  
Bank of Lebanon County  
Commerce Bank  
First National Bank of Fredericksburg  
Fulton Bank 1

SBA Lenders for Lebanon Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
2
Commerce Bank
Philadelphia, PA
4
Commerce Bank/harrisburg Natl
Lemoyne, PA
7
First National Bank - Pennsylvania
Hermitage, PA
1
Manufacturers & Traders Trust
Buffalo, NY
1
Manufacturers & Traders Trust
Towson, MD
9
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
3
Royal Bank America
Narberth, PA
1
Sovereign Bank
Wyomissing, PA
1
Susquehanna Bank Dv
Pottstown, PA
1
Susquehanna Bank Pa
Lititz, PA
1
The Legacy Bank, A Division Of
Harrisburg, PA
4
Unity Bank
Clinton, NJ
1

Lebanon Business Loan Advice

Prior to contacting banks to get a bank 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 bank.

A well-defined business plan is essential. If the financing is to for a going concern, 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 the equity in your home. 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 get up to speed 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

More Business Loan Info for Pennsylvania
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