Short-Term And Long-Term Loans For Businesses Collegeville PA

Looking for Short-Term And Long-Term Loans For Businesses in Collegeville? We have compiled a list of businesses and services around Collegeville that should help you with your search. We hope this page helps you find Short-Term And Long-Term Loans For Businesses in Collegeville.

TD Bank - Collegeville Branch
(888) 751-9000
Route 29 And Park Avenue
Collegeville, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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First Niagara Bank - Collegeville Branch
(800) 421-0004
364 East Main Street
Collegeville, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact First Niagara Bank for details.
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Citizens Bank - Trappe Branch
(877) 360-CIRC
130 Main St., Trappe Shopping Center, Suite 158
Trappe, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $20.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $3.00 fee each time you use a non-affiliated ATM. (Fee does not apply to all accounts.)
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Bank of America - Trappe Branch Office Branch
(800) 432-1000
130 Main Street
Collegeville, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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First Niagara Bank - Skippack Branch
(800) 421-0004
3893 Skippack Pike, Rt. 73
Skippack, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $1.00 fee each time you use a non-affiliated ATM after 2 uses per month. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact First Niagara Bank for details.
Services
Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Susquehanna Bank - Collegeville Branch
(800) 311-3182
1856 South Collegeville Road
Collegeville, PA
ATM Fees
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee is waived if you have a balance of at least $2,500 after the withdrawal. (Fee does not apply to all accounts.)
ATM Fee Rebate Noe: Susquehanna Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Unlimited Checks

Data Provided By:
Wells Fargo - Collegeville Branch
(866) 245-3452
222 E Main Street
Collegeville, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

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PNC Bank - Collegeville Branch
(800) 762-5684
21 Town Center Drive
Collegeville, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived on your first two withdrawals each month by maintaining an average balance of $2,000.00 between your 'Spend' and 'Reserve' Accounts.
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact PNC Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
TD Bank - Skippack Branch
(888) 751-9000
4309 Skippack Pike
Skippack, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $24.00. See institution about how these monthly fees can be waived.
ATM Fee Rebate Noe: TD Bank rebates ATM Surcharge Fees. Contact the institution for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
PNC Bank - Audubon Branch
(800) 762-5684
1111 Pawlings Road
Audubon, PA
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM. This fee can be waived on your first two withdrawals each month by maintaining an average balance of $2,000.00 between your 'Spend' and 'Reserve' Accounts.
ATM Fee Rebate Noe: Some accounts provide rebates of ATM Surcharge Fees. Contact PNC Bank for details.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

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Short-Term And Long-Term Loans For Businesses

Business loans are generally divided into two categories. Loans of less than three years are typically considered short-term while loans greater than three years are fall into the long-term category. Long-term loans are normally for a period of 10 years although some may be approved for up to 20 years.

Short-term loans can be for periods as short as 90 days. The strength of a business in terms of their balance sheet, financial statement, credit history and time in business as well as the relationship with the lending institution all enter into the loan approval decision process. Loans of less than one year to proven customers are often approved without collateral and are referred to as unsecured loans. Loans in the one to three year category most often require collateral and the assets of a business such equipment, buildings or real estate can easily provide the necessary collateral, provided that there is sufficient worth in the assets. The lending institution will obviously want to assess the value of the collateral and will monitor the loan to insure that the collateral retains its' worth over the period of the loan. These types of loans are called secured loans because the collateral that guarantees repayment could be forfeited if the loan falls into default. An alternative to an unsecured short-term note would be for a business to negotiate an approved line of credit that could be used as necessary throughout a year. This can be negotiated in advance of any requirement for a short-term loan and is available should the need arise. Short-term loans are commonly used to cover cash flow shortfalls or the enable the purchase of additional inventory.

Long-term loans of greater than three years require a more detailed analysis by the lending institution. As with short-term loans the same criteria of a good credit history coupled with a successful business balance sheet and financial statement will make the approval process quicker and easier. A long-term loan will be a secured loan, and sufficient collateral must exist and will definitely be the basis for approval. Long-term loans are appropriate for large acquisitions or purchases of equipment that has an extended life.

Interest on short and long-term loans vary widely. Typically the interest rate will be 1-3% above the prime lending rate and it is obvious that the shorter the period of the loan the less the interest expense will be. Additionally the value of any col...

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