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

Small Business Lenders in Centerburg, Ohio

 
Loan Census SBA Loan Info

Raising money in Centerburg, Ohio? If so, you'll want to talk to some of these small business lenders in Centerburg.

If you are planning on applying for a small business loan and your business is based in Centerburg, Ohio, we've put together a list of local small business banks that you should contact.

Local Centerburg Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in Centerburg.

Small Business Bank Recent SBA Loans
First Federal Savings & Loan  
First-knox National Bank 1

Lenders for Centerburg Businesses

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

Small Business Bank Recent SBA Loans
Heartland Bank
Grove City, OH
1
Jpmorgan Chase Bank
Houston, TX
4
Keybank National Association
Cleveland, OH
1
National City Bank
Cleveland, OH
2
The Huntington National Bank
Columbus, OH
1

Business Loan Advice for Centerburg Businesses

As a prerequisite to reaching out to banks 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 your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Bank Credit Lines.

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