If you are looking for a small business loan and your business is based in Bellville, Ohio, we've put together a list of local small business banks that you should contact.
Local Bellville Business Loan Sources
Without further adieu, here's our list of small business banks in Bellville.
Small Business Bank |
Recent SBA Loans |
Atm USA LLC |
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First-Knox National Bank |
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Banks that Lend to Bellville Businesses
This is a list of banks outside of Bellville, Ohio that have provided SBA loans to Bellville businesses. Some of these may be national banks with local branch locations.
Bellville Bank Loan Tips
Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show your ability to pay the loan back to the bank.
Being able to present a well-written business plan is essential. If the loan is to for a going concern, 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 cash flow from the business does not meet your projections.
If the business has few assets, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Prior to visiting local banks, you may want to get up to speed 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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