If you are hoping to get a small business loan and your business is based in Dunmore, Pennsylvania, we've put together a list of local small business banks that you should contact.
Local Dunmore Banks
To assist you in finding a small business banker, here's our list of small business banks in Dunmore.
SBA Lenders for Dunmore Businesses
This is a list of banks outside of Dunmore, Pennsylvania that have provided SBA loans to Dunmore businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Capital One
Mclean, VA |
1 |
Commerce Bank
Philadelphia, PA |
1 |
Community Bank & Trust
Clarks Summit, PA |
1 |
First Lib Bank & Trust A Divisio
Laceyville, PA |
1 |
Innovative Bank
Oakland, CA |
3 |
Manufacturers & Traders Trust
Buffalo, NY |
1 |
Newtek Small Business Finance Inc.
New York, NY |
1 |
Pennstar Bank, A Division Of
Scranton, PA |
2 |
Pnc Bank, National Association
Pittsburgh, PA |
1 |
Dunmore Bank Loan Tips
Prior to meeting with lenders 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 how you intend to to pay the loan back to the lender.
A well-defined business plan is essential. If the money is to for a going concern, 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 cash flow from the business does not meet your projections.
If the business has few assets, the bank may ask you to to secure the business 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 the banks in our list are SBA lenders. 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
Our Gaebler.com site is deeply committed to providing advice to entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we would suggest you read How to Raise Money.
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