If you are planning on applying for a small business loan and your business is based in Minersville, Pennsylvania, we've put together a list of local small business banks that you should contact.
Local Minersville Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Minersville.
Small Business Bank |
Recent SBA Loans |
First National Bank of Minersville |
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SBA Lenders for Minersville Businesses
This is a list of banks outside of Minersville, Pennsylvania that have provided SBA loans to Minersville businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Minersville Businesses
As a prerequisite to meeting with 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 how you intend to to pay the loan back to the lender.
Having a business plan is is critically important. 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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
If you are new to our Gaebler.com site, you should know that we are dedicated to helping entrepreneurs, and we have a
lot of resources related to to Raising
Money. To learn more, we recommend you read 504 Loans.
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