Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Bethesda, Ohio Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Bethesda, Ohio! If that's what's on your mind, you've come to the right place.

If you are looking for a small business loan and your business is based in Bethesda, Ohio, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Bethesda Businesses

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

Small Business Bank Recent SBA Loans
National City Bank
Cleveland, OH
1
The Citizens Savings Bank
Martins Ferry, OH
1

Bethesda Bank Loan Tips

Before meeting with lenders to discuss getting a bank 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the financing is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to to to guarantee the loan 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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 new to our Gaebler.com site, you should know that we are passionate about helping entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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