Small Business Lenders in Bellaire, Ohio

Local Bellaire Business Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Bellaire.

Business Loan Providers for Bellaire Businesses

This is a list of banks outside of Bellaire, Ohio that have provided SBA loans to Bellaire businesses. Some of these may be national banks with local branch locations.

Business Loan Advice for Bellaire Businesses

Before meeting with lenders for a loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show your ability to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the loan 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 secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. 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.

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