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

Lodi, Ohio Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Lodi, Ohio who are interested in getting a bank loan.

Local Lodi Lenders

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

Small Business Bank Recent SBA Loans
First National Bank  

Other Lending Resources for Lodi Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The West
San Francisco, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Firstmerit Bank
Akron, OH
2
Jpmorgan Chase Bank
Houston, TX
1
Rbs Citizens
Providence, RI
2
The Huntington National Bank
Salineville, OH
1
U.S. Bank National Association
Cincinnati, OH
1

Lodi Business Loan Advice

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

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 bank loan 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 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 your individual retirement account or pension plan. 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 these banks are SBA lenders. 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

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Credit Evaluation.

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