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

Small Business Lenders in Vandergrift, Pennsylvania

 
Loan Census SBA Loan Info

Small business loans in Vandergrift, Pennsylvania are available. You just need to talk to the right bank.

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

Other Lending Resources for Vandergrift Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Enterprise Bank
Allison Park, PA
1
First Commonwealth Bank
Hollidaysburg, PA
1
National City Bank
Erie, PA
1
Pnc Bank, National Association
Pittsburgh, PA
3
Rbs Citizens
Providence, RI
5

Business Loan Advice for Vandergrift Businesses

As a prerequisite to contacting 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 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 plan to pay the money back to the lender.

A well-defined business plan is is critically important. If the bank loan 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, you will likely be asked to secure the business 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 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 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Investor Turnoffs.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Uniontown
Get a Business Loan in Washington

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