Take advantage of our specialized banking expertise in a range of industries.
Small business loans in Harrisburg, PA
Capital will be essential if you’re a small business in Harrisburg, PA, looking to expand. To obtain the necessary funds, you may need to secure a loan. Customers Bank is an excellent resource, providing comprehensive lending and banking options tailored to your needs.
We are a nationwide financial institution with locations in NJ, FL, IL, MA, NH, NY, NC, PA, RI, and TX. We offer specialized solutions for different industries, including various loan choices and great cash management resources, such as:
- Financing options for small businesses, such as business term loans, are available
- Government-guaranteed SBA loans are another form of financial assistance
- Businesses can also access business lines of credit
Utilizing small business loans effectively
Small business loans are an excellent way for entrepreneurs to secure the capital they need to grow their businesses. These loans can be used in many ways, such as to purchase necessary equipment, stock up on inventory, or expand your business to a new site. Knowing the right way to use a loan is essential to the success of your business.
- Inventory expenses: During busy times, utilize discount pricing by bulk-buying necessary items with the assistance of a small business loan to meet your customers’ needs.
- Working capital: Manage everyday costs more efficiently with access to cash through a loan, which will allow you to make it through low-demand times.
- Marketing: Loans can be used to implement your marketing strategy, whether through social media, events, or traditional paid media, in order to reach potential clients and begin to build your business.
- Commercial real estate: Invest in a new property, construct an additional location, or develop a piece of land with the help of a long-term real estate loan.
- Machinery/equipment: Your restaurant, healthcare facility, farm, and other business may need specialized or pricy equipment. Utilize a loan to purchase or repair machinery or devices.
- Tenant improvements: If the space you are renting requires improvements beyond the landlord’s allowance, a loan can help cover these costs.
- Buying a business or franchise: If you are purchasing a business or becoming a franchisee, Customers Bank can help you find an affordable loan to support your long-term goals.
- Debt refinancing: Lower your interest rates and fees by consolidating multiple loans into one with a small business loan or use the funds for refinancing existing debt.
Small business loans can be a beneficial option for business owners and entrepreneurs to fulfill their needs and reach their objectives. Before obtaining a loan, it is prudent to establish a plan for both how the loan will be utilized and how it will be repaid.
Conclusion
No matter your business needs, there is likely a business loan that suits it. Customers Bank looks forward to joining you on your path to financial success. For more information, please get in touch with our experienced bankers today.