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

Small Business Lenders in Pine Grove, West Virginia

 
Loan Census SBA Loan Info

Raising money in Pine Grove, West Virginia? If so, you'll want to talk to some of these small business lenders in Pine Grove.

If you are looking for a small business loan and your business is based in Pine Grove, West Virginia, we've put together a list of local small business banks that you should contact.

Local Pine Grove Lenders

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

Small Business Bank Recent SBA Loans
Wesbanco - 24 Hour Banking Local Access  

Banks that Lend to Pine Grove Businesses

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

Small Business Bank Recent SBA Loans
Wesbanco Bank, Inc.
New Martinsville, WV
1

Business Loan Advice for Pine Grove Businesses

Before reaching out to lenders to discuss getting 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.

Having a business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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, the bank may ask you to to pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review How Equity Dilution Works.

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