Best Business Loans in Pennsylvania
Term loans, SBA-backed loans, lines of credit, and equipment financing for small and medium businesses. In Pennsylvania, personal loans are capped at 24% APR for licensed consumer lenders, overseen by the Pennsylvania Department of Banking and Securities.
No lenders currently available in Pennsylvania. Check back soon.
Pennsylvania Lending Laws
Pennsylvania's Consumer Discount Company Act limits licensed consumer lenders to 24% APR, and the Supreme Court of Pennsylvania has ruled that unlicensed internet payday lending violates state usury law.
The primary regulator for consumer lending in Pennsylvania is the Pennsylvania Department of Banking and Securities. Borrowers with complaints about a lender can file reports directly with that agency or with the federal Consumer Financial Protection Bureau (CFPB).