Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Business Loan Hillsboro, Ohio

 
Loan Census SBA Loan Info

Small business loans in Hillsboro, Ohio are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Hillsboro, Ohio who are interested in getting a bank loan.

Local Hillsboro Lending Resources

Without further adieu, here's our list of small business banks in Hillsboro.

Small Business Bank Recent SBA Loans
Fifth Third Bank 1
Firstar Informations Servcies  
Merchants National Bank 1
Ncb Financial Corporation 1
Ncb, FSB 150

Business Loan Providers for Hillsboro Businesses

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

Small Business Bank Recent SBA Loans
Day-air Cu Inc
Kettering, OH
1
Fifth Third Bank
Cincinnati, OH
5
Keybank National Association
Cleveland, OH
2
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
1

Tips for Getting a Business Loan in Hillsboro

As a prerequisite to meeting with lenders 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 lender.

Having a business plan is an important prerequisite. If the financing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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. Before meeting with the banker, 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. To get the ball rolling, we suggest you read Business Credit Evaluation.

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