These materials were prepared for entrepreneurs in Finneytown, Ohio who are interested in getting a bank loan.
Business Loan Providers for Finneytown Businesses
This is a list of banks outside of Finneytown, Ohio that have provided SBA loans to Finneytown businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Capital One
Mclean, VA |
1 |
Tips for Getting a Business Loan in Finneytown
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, define how the money will be used, and show your ability to pay the loan back to the bank.
A well-defined business plan is essential. 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to read up on 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 supporting small business owners, and we have a
lot of resources related to to Raising
Money. If you want to learn about raising money, we recommend you read Borrowing Money from Friends and Family.
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