Penn Community Bank

This is a bank that provides SBA loan programs and financial services tailored to small and medium-sized businesses, helping them grow and succeed.

It's recommended to schedule an appointment for personalized service, but walk-ins are also welcome during business hours.

The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with additional hours by appointment.

There may be fees associated with certain services or loan processing, but specific fee details are discussed during the application process.

This bank primarily serves small business clients in the region, but individuals and non-residents may also access certain services with proper documentation.

A minimum personal credit score of 620 is generally preferred for loan qualification.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Penn Community Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Penn Community Bank to confirm current weekend availability before you go.

Penn Community Bank is located in Pennsylvania — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Penn Community Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Penn Community Bank itself, which runs its own lending under its own ownership. If you work at Penn Community Bank, you can claim this listing from this page to manage it.

The core details for Penn Community Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Penn Community Bank before applying. If you represent Penn Community Bank, claim this listing to keep its information up to date.

You can reach Penn Community Bank by phone at (267) 864-1008 or online at penncommunitybank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Penn Community Bank before relying on them.

Based on its approved SBA loans, Penn Community Bank most often finances businesses in construction & contractors and general retail. This reflects Penn Community Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Penn Community Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Penn Community Bank participates in SBA Express depends on its specific SBA lending authority. Contact Penn Community Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Penn Community Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Penn Community Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Penn Community Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Penn Community Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Penn Community Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Penn Community Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Penn Community Bank weighs this case by case under its own policy, so be upfront about your history and ask Penn Community Bank how it evaluates prior bankruptcies.