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

Tamaqua, Pennsylvania Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Tamaqua, Pennsylvania who are interested in getting a bank loan.

Business Loan Providers for Tamaqua Businesses

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

Small Business Bank Recent SBA Loans
Manufacturers & Traders Trust
Amherst, NY
4
Manufacturers & Traders Trust
Buffalo, NY
2
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
1
Sovereign Bank
Villanova, PA
1
Susquehanna Bank Dv
Bryn Mawr, PA
1
The Legacy Bank, A Division Of
Harrisburg, PA
1
Vist Bank
Wyomissing, PA
1

Tamaqua Business Loan Advice

Before reaching out to banks for a 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, define how the money will be used, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the capital is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to guarantee 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 secure the business 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 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

Gaebler.com is a site that is deeply committed to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we recommend you read Angel Investors.

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