These materials were prepared for entrepreneurs in Plymouth Meeting, Pennsylvania who are interested in getting a small business loan.
Local Plymouth Meeting Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Plymouth Meeting.
Lenders for Plymouth Meeting Businesses
This is a list of banks outside of Plymouth Meeting, Pennsylvania that have provided SBA loans to Plymouth Meeting businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Bank Of America
Blue Bell, PA |
2 |
Bank Of America
Charlotte, NC |
2 |
Bank Of America
Providence, RI |
3 |
Business Loan Center, LLC
Richmond, VA |
1 |
Capital One
Mclean, VA |
1 |
Citizens Bank Of Pennsylvania
Philadelphia, PA |
1 |
Commerce Bank
Devon, PA |
2 |
Ge Cap. Small Business Finan Corp
St. Louis, MO |
1 |
National Penn Bank
Boyertown, PA |
1 |
Pnc Bank, National Association
Philadelphia, PA |
2 |
Pnc Bank, National Association
Pittsburgh, PA |
5 |
Rbs Citizens
Providence, RI |
11 |
Susquehanna Bank Pa
York, PA |
1 |
Td Banknorth
Mahwah, NJ |
1 |
Univest National Bank & Trust.
Souderton, PA |
1 |
Vist Bank
Wyomissing, PA |
1 |
Plymouth Meeting Business Loan Advice
As a prerequisite to meeting with banks 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.
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. Bankers will also want to know 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before meeting with the banker, you may want to read up on 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 all about assisting entrepreneurs, and we have a
lot of resources related to to Raising
Money. If you want to learn about raising money, one article that might be of interest to you is 504 Loans.
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