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

Small Business Lenders in Minersville, Pennsylvania

 
Loan Census SBA Loan Info

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

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

Local Minersville Business Loan Sources

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

Small Business Bank Recent SBA Loans
First National Bank of Minersville  

SBA Lenders for Minersville Businesses

This is a list of banks outside of Minersville, Pennsylvania that have provided SBA loans to Minersville 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
Capital One
Mclean, VA
1
Manufacturers & Traders Trust
Buffalo, NY
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
Vist Bank
Wyomissing, PA
1

Business Loan Advice for Minersville Businesses

As a prerequisite to meeting with lenders for a 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 lender.

Having a business plan is is critically important. If the money 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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

If you are new to our Gaebler.com site, you should know that we are dedicated to helping entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read 504 Loans.

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