Small Business Financing Shippensburg PA

Looking for Small Business Financing in Shippensburg? We have compiled a list of businesses and services around Shippensburg that should help you with your search. We hope this page helps you find Small Business Financing in Shippensburg.

Ms. Phyllis A Nye, CFP®
(717) 530-2608
PO Box 250
Shippensburg, PA
Firm
Orrstown Financial Advisors
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000



Data Provided By:
Ms. Betty Lou Carver Hawbaker, CFP®
(717) 261-1557
PO Box 364
Chambersburg, PA
Firm
AXA Advisors LLC

Data Provided By:
Ms. Denise B. Barrows, CFP®
(717) 267-3572
239 Lincoln Way E
Chambersburg, PA
Firm
The Barrows Sollenberger Group
Areas of Specialization
Accounting, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Employee and Employer Plan Benefits
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Business Executives

Data Provided By:
Mr. Harold J. Beshaw, CFP®
(717) 572-6120
1134 Kennebec Dr
Chambersburg, PA
Firm
Rotz & Stonesifer Financial Services, LLC
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Elder Care, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning

Data Provided By:
Mr. Alfred Smith, CFP®
1108 Kennebec Dr
Chambersburg, PA
Firm
Merrill Lynch Group, Inc.

Data Provided By:
Mr. Thomas C. Tucker, CFP®
(717) 267-1426
425 Phoenix Dr
Chambersburg, PA
Firm
Tucker Financial Services Inc
Areas of Specialization
Asset Allocation, Comprehensive Financial Planning, Education Planning, Estate Planning, General Financial Planning, Investment Management, Investment Planning

Data Provided By:
Mr. Charles E. Nelson, CFP®
(717) 262-1019
2011 Scotland Ave
Chambersburg, PA
Firm
Menno Haven Inc.

Data Provided By:
Mr. Kevin T. Shoemaker, CFP®
(717) 491-2438
861 N Franklin St
Chambersburg, PA
Firm
Personal Money Management, LLC
Areas of Specialization
Banking, Budget Development, Comprehensive Financial Planning, Debt Management, Disaster Recovery, Education Planning, Estate Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided By:
Mr. Michael W Peterson, CFP®
(717) 267-1426
425 Phoenix Drive
Chambersburg, PA
Firm
Tucker Financial Services, Inc.
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, Insurance Planning, Intergenerational Planning, Investment Management, Investment Planning, Long-Term Care
Key Considerations
Average Net Worth: $250,001 - $500,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided By:
Mrs. Anne S. Johnson, CFP®
(717) 658-5643
6111 Fairway Dr W
Fayetteville, PA
Areas of Specialization
Charitable Giving, Divorce Issues, Estate Planning, Legal Advice, Tax Planning, Women's Finances

Data Provided By:
Data Provided By:

Business Financing From The SBA / Small Business Administration

The Small Business Administration is the most useful resource available to startups and established small businesses. An Independent agency of the Executive branch of the Federal Government, the SBA has the responsibility of providing assistance to American small businesses in the areas of advocacy, management, procurement, and financial assistance. The SBA financing comes in the forms of investment programs, business loan programs, disaster loan programs, and bonding for contractors. In most cases, the SBA should be the first business financing resource a small business owner looks to for their financing needs.

The SBA has three different loan programs for small business financing . It is important to know that while the SBA has these programs, they do not actually provide the business financing . The SBA sets the guidelines for these loans, then their partners, which include lenders, community development organizations, and microlending institutions, actually make the loan to small businesses . The SBA guarantees the loans, to reduce the risk to the lenders.

The first type of business loan that the SBA offers is the Basic 7(a) Loan Guaranty. When a small business is unable to obtain financing from other sources, this is the primary business loan program offered. This is the SBA's most flexible business financing program, and it is ideal for start up business financing as well as established business financing . This type of new business financing can be used for most business purposes, such as working capital, equipment, office furnishings, land and building, leases, and even debt refinancing. The maturity date of the loan varies, depending on what the loan is used for. For working capital, the loan maturity is up to 10 years, while it is generally up to 25 years for fixed assets.

There are several different variations of the Basic 7(a) loan program, designed to fill specific needs. This type of loan is the closest a small business owner can get to free business financing, because any fees that the SBA has for administration are charged to the lender. However, the lender does have the right to make those fees a part of your loan, which means that you may ultimately pay those fees.

The second type of loan that the SBA offers is the Microloan. This is known as the 7(m) loan program. These are short-term loans of up to $35,000, and are primarily for small businesses and non-profit child care centers. They are meant to provide working capital, inventory purchases, supplies, furnishings, and equipment. They may not be used to pay existing debts or to purchase real estate. This type of business financing is great for business owners who wish to expand.

The third type of small business financing available through the SBA is a Certified Development Company (CDC) loan. Known as the 504 loan program, these loans should only be sought by businesses that require brick and mortar financing . These are long-term...

Click here to read the rest of this article from GlobalBx