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December 24, 2024  
 
 
  Business Loan Information  
 

East Palestine, Ohio Small Business Loans

 
Loan Census SBA Loan Info

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

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

Business Loan Providers for East Palestine Businesses

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

Small Business Bank Recent SBA Loans
California Bank & Trust
San Diego, CA
1
Eaton National Bank & Trust.
Eaton, OH
1
National City Bank
Cleveland, OH
5
The Huntington National Bank
Salineville, OH
1
The Huntington National Bank
Toledo, OH
2

East Palestine Bank Loan Tips

Before contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, describe what the money will finance, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the financing 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 you cannot repay the loan.

If the business has few assets, you will likely be asked 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 are SBA lenders. Before you sit down to talk with a small business 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

Invest the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in East Liverpool
Get a Business Loan in Eaton

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