Philadelphia and the southeast
Philadelphia's economy combines healthcare, education, food, construction and a dense restaurant and retail scene.
Neighborhood businesses from Center City to South Philadelphia and the surrounding suburbs deal with high occupancy costs and uneven foot traffic. Medical practices and labs cluster near the major universities and hospitals. Contractors serve a large stock of older buildings. See our Philadelphia page for city specifics.
Pittsburgh and the west
Pittsburgh has moved from steel to healthcare, education, robotics and technology, while keeping a strong industrial supply base.
Machine shops, fabricators and contractors still serve a long list of industrial customers. Restaurants and retailers in neighborhoods like the Strip District rely on weekend traffic. Medical and research spin-offs buy specialized equipment. For them, equipment financing is a common fit.
The middle of the state
Central and northeastern Pennsylvania mix farms, logistics, warehousing, manufacturing and tourism.
Lancaster County is known for farming and food producers. The Lehigh Valley and Interstate corridors carry distribution centers. The Poconos rely on seasonal visitors. Harrisburg adds state government. A food producer needs ingredients ahead of sales, a warehouse operator needs trucks and racking, and a Poconos lodge needs spring cash for a summer season.
Which product, by situation
Match the tool to the cash problem.
| Situation | Likely fit |
|---|---|
| Buying a machine or vehicle | Equipment financing |
| Seasonal lodge or retailer | Line of credit |
| Planned expansion with a fixed budget | Term loan |
| Fast inventory or payroll bridge | Working capital |
| Sales that rise and fall | Revenue-based financing |
Compare them on which funding fits your business.
Same time zone, same clock
Pennsylvania is on Eastern Time, matching our team.
No offset to plan around. A complete file submitted in the morning has the whole business day. Complete means the application plus three months of bank statements. Same-day applies to approved, complete files.
Healthcare and professional practices
Pennsylvania has a large healthcare sector, and independent practices buy equipment often.
Dental offices, physical therapy clinics, optometrists and specialty practices carry expensive equipment and wait on insurance reimbursements. A purchase of a $60,000 imaging unit or a chair set is a good fit for equipment financing, since the equipment itself supports the payment. Slow insurance payments, on the other hand, are a working-capital issue. Read the healthcare page for more.
Working across state lines
Many Pennsylvania businesses sell into New Jersey, Ohio, Maryland and New York.
Customers in other states are fine. Funders look at deposits wherever they come from. What matters is that your statements show consistent business income. If a large share of your revenue comes from one customer, mention it, since concentration is something funders notice.
The same goes for the reverse. If your biggest customer pays in 60 days, a funding plan that requires weekly payments needs a bridge. Think about the timing, not just the total.
An illustrative term-loan test
Fixed payments are easy to budget, but only if the project pays them.
Example only. A Lancaster bakery borrows $80,000 for a second oven line and a delivery van. Total repayment is $96,000 over 24 months, or $4,000 a month. The new line adds $9,000 in monthly sales at a 40 percent margin, or $3,600. That does not cover the payment alone. The bakery needs the extra delivery route to add another $1,000 in margin. The lesson: test the full plan, not just the first purchase. See term loans.
Public help
The Pennsylvania Department of Community and Economic Development (DCED) and the SBA's Pennsylvania district offices list programs.
Check both for current offerings, which change. SBA loans are often cheaper for patient borrowers. When you are ready, apply online.
Frequently asked questions
Do you cover all of Pennsylvania?
Yes. We serve all 50 states, including rural Pennsylvania.
What revenue is required?
$20,000+ per month, with 6+ months in business.
What credit score do I need?
We consider 500+ FICO.
How are offers presented?
With total cost, payback period and monthly-equivalent payments, so you can compare.