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

Small Business Lenders in Holmesville, Ohio

 
Loan Census SBA Loan Info

I need a loan for my business in Holmesville, 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 Holmesville, Ohio, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Holmesville Businesses

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

Small Business Bank Recent SBA Loans
Rbs Citizens
Providence, RI
1
The Monitor Bank
Big Prairie, OH
1

Business Loan Advice for Holmesville Businesses

Prior to contacting lenders to get a bank 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, define how the money will be used, and show how you intend to to pay the money back to the lender.

Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 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. 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

Our Gaebler.com site is devoted to aiding small business owners, and we have a lot of useful articles about to Raising Money. To learn more, we recommend you read Business Incubators.

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