If you are looking for a small business loan and your business is based in Gnadenhutten, Ohio, we've put together a list of local small business banks that you should contact.
Local Gnadenhutten Business Loan Sources
Without further adieu, here's our list of small business banks in Gnadenhutten.
Small Business Bank |
Recent SBA Loans |
First National Bank |
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Indian Village Community Bank |
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Other Lending Resources for Gnadenhutten Businesses
This is a list of banks outside of Gnadenhutten, Ohio that have provided SBA loans to Gnadenhutten businesses. Some of these may be national banks with local branch locations.
Gnadenhutten Bank Loan Tips
Before contacting banks to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show your ability to pay the money back to the bank.
A well-defined business plan is an important prerequisite. If the financing is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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 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
Take the time to learn as much as you can about Raising
Money. For starters, we suggest you read
Angel Investors.
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