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

Small Business Lenders in Wyndmoor, Pennsylvania

 
Loan Census SBA Loan Info

Looking for a Wyndmoor, Pennsylvania small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Business Loan Providers for Wyndmoor Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Devon, PA
1
Manufacturers & Traders Trust
Amherst, NY
1
National Penn Bank
Boyertown, PA
1
Preferred Capital Bidco, Inc.
Wilmington, DE
1
Rbs Citizens
Manchester, NH
1
Rbs Citizens
Providence, RI
6

Business Loan Advice for Wyndmoor Businesses

Before reaching out to banks for a loan, you will need to have a specific plan.

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

A well-defined business plan is is critically important. 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 guarantee 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 the equity in your home. 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 meeting with the 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

Business Loan Sources for Other Cities in Pennsylvania
Get a Business Loan in Willow Street
Get a Business Loan in Wyomissing

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