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

Small Business Lenders in Cardington, Ohio

 
Loan Census SBA Loan Info

Small business loans in Cardington, Ohio are available. You just need to talk to the right bank.

If you are hoping to get a small business loan and your business is based in Cardington, Ohio, we've put together a list of local small business banks that you should contact.

Local Cardington Lending Resources

Without further adieu, here's our list of small business banks in Cardington.

Small Business Bank Recent SBA Loans
Bank One Mansfield  
Farmers Citizen Bank  
First Federal Bank of Ohio  

Other Lending Resources for Cardington Businesses

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

Small Business Bank Recent SBA Loans
Cit. National Bank - Bluffton
Bluffton, OH
1
Jpmorgan Chase Bank
Houston, TX
1
National City Bank
Cleveland, OH
2
United Midwest Savings Bank
De Graff, OH
1

Business Loan Advice for Cardington Businesses

Prior to reaching out to banks 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 how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the money 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 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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.

Gaebler.com Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Business Line of Credit.

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