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March 28, 2024  
 
 
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Business Loan Pleasant Hills, Pennsylvania

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in Pleasant Hills, Pennsylvania who are interested in getting debt financing.

Banks that Lend to Pleasant Hills Businesses

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

Small Business Bank Recent SBA Loans
First Commonwealth Bank
Hollidaysburg, PA
1
National City Bank
Cleveland, OH
1
National City Bank
Erie, PA
1
National City Bank
Pittsburgh, PA
1

Tips for Getting a Business Loan in Pleasant Hills

Before contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the money is to for an existing business, 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, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before you sit down to talk with a small business banker, 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

Our Gaebler.com site is deeply committed to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If you want to learn about raising money, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Pennsylvania
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