Loan Census Banking News and Information
December 24, 2024  
 
 
  Business Loan Information  
 

Harrisburg, Ohio Small Business Loans

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Harrisburg, Ohio, we've assembled a list of local small business banks that you should contact.

Local Harrisburg Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Harrisburg.

Small Business Bank Recent SBA Loans
Citizens Bank of Ashville  

Lenders for Harrisburg Businesses

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

Small Business Bank Recent SBA Loans
The Huntington National Bank
Columbus, OH
2

Harrisburg Bank Loan Tips

Prior to meeting with 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 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 essential. If the money is to for a company that is already doing 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 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 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. Prior to visiting local banks, 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

Gaebler.com is a site that is dedicated to assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read 504 Loans.

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