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December 24, 2024  
 
 
  Business Loan Information  
 

Gettysburg, Ohio Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Gettysburg, Ohio seems challenging at first, but we're here to help you get started.

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

Lenders for Gettysburg Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
1

Gettysburg Bank Loan Tips

Before reaching out to banks to get 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 intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss 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 the banks in our list are SBA lenders. 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

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

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