Loan Census Banking News and Information
April 20, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Spring City, Pennsylvania

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Spring City, Pennsylvania, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for Spring City Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Blue Bell, PA
2
Capital One
Mclean, VA
1
First Cornerstone Bank
King Of Prussia, PA
1
Pnc Bank, National Association
Philadelphia, PA
1
Rbs Citizens
Providence, RI
4
Td Banknorth
Mahwah, NJ
3
Valley National Bank
North Plainfield, NJ
1

Business Loan Advice for Spring City Businesses

Before reaching out to 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 your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. 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 pledge 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. 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

If you are new to our Gaebler.com site, you should know that we are all about supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read Find Start-Up Capital.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Somerset
Get a Business Loan in Springfield

Browse All Business Loan Sources for Pennsylvania