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

New Cumberland, Pennsylvania Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local New Cumberland Business Loan Sources

Without further adieu, here's our list of small business banks in New Cumberland.

Small Business Bank Recent SBA Loans
Fulton Bank 1

Business Loan Providers for New Cumberland Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Citizens Bank Of Pennsylvania
Philadelphia, PA
2
Commerce Bank/harrisburg Natl
Lemoyne, PA
9
Manufacturers & Traders Trust
Amherst, NY
1
Manufacturers & Traders Trust
Baltimore, MD
1
Manufacturers & Traders Trust
Buffalo, NY
1
Manufacturers & Traders Trust
Towson, MD
3
Pnc Bank, National Association
Pittsburgh, PA
15
Rbs Citizens
Providence, RI
3
Sovereign Bank
Villanova, PA
2
Susquehanna Bank Pa
Lititz, PA
1
Susquehanna Bank Pa
York, PA
1

New Cumberland Bank Loan Tips

Prior to reaching out to lenders to get a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the lender.

A well-defined business plan is essential. If the money 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 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 your individual retirement account or pension plan. 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 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 the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Pennsylvania
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Get a Business Loan in New Holland

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