This article is written specifically for small business owners in Greenfield, Ohio who are interested in getting a small business loan.
Local Greenfield Banks
To assist you in finding a small business banker, here's our list of small business banks in Greenfield.
Small Business Bank |
Recent SBA Loans |
Fifth Third Bank - Commercial Lending |
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Fifth Third Bank - Greenfield Banking Center |
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Fifth Third Bank - Mortgage Lending |
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Lenders for Greenfield Businesses
This is a list of banks outside of Greenfield, Ohio that have provided SBA loans to Greenfield businesses. Some of these may be national banks with local branch locations.
Greenfield Business Loan Advice
Prior to 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, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.
Being able to present a well-written business plan is is critically important. If the money is to for a company that is already doing 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 to guarantee the loan with your personal assets, such as the equity in your home. 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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
Take the time to learn as much as you can about Raising
Money. For starters, we recommend you read
Attracting Investors.
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