Business Loan Oakmont, Pennsylvania

Local Oakmont Banks

To help you learn more about local small business lenders, here's our list of small business banks in Oakmont.

Banks that Lend to Oakmont Businesses

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

Tips for Getting a Business Loan in Oakmont

Before contacting lenders to discuss getting a bank 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, define how the money will be used, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the financing is to for an existing 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 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 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

Gaebler.com is a site that is devoted to supporting small business owners, and we have a lot of resources related to to Raising Money. To learn more, we would suggest you read Realistic Debt Financing Options.