If you are looking for a small business loan and your business is based in Apple Creek, Ohio, we've put together a list of local small business banks that you should contact.
Local Apple Creek Business Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Apple Creek.
Small Business Bank |
Recent SBA Loans |
Apple Creek Area Chamber of Commerce |
|
First National Bank |
|
Banks that Lend to Apple Creek Businesses
This is a list of banks outside of Apple Creek, Ohio that have provided SBA loans to Apple Creek businesses. Some of these may be national banks with local branch locations.
Apple Creek Bank Loan Tips
Before meeting with banks for a loan, you will need to have a specific plan.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.
Having a business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee the loan. Collateral is relevant because banks always
want to be prepared for a worst-case scenario in which you cannot repay the loan.
If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. The banks will check on your personal credit history in any case, so hopefully you have good credit history
-- you may want to get a copy of your credit history prior to meeting with the banker.
Many of these banks are SBA lenders. Before meeting with the banker, you may want to read up on on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.
Gaebler.com Advice on Raising Money
If you are planning on Raising
Money, you need to get up to speed on the subject. If you haven't read it
already, we recommend you review
Bank Credit Lines.
Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Amherst
Get a Business Loan in Ashland
Browse All Business Loan Sources for Ohio