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

Small Business Lenders in Manchester, Ohio

 
Loan Census SBA Loan Info

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

Local Manchester Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Manchester.

Small Business Bank Recent SBA Loans
Fifth Third Bank  
First State Bank  

Business Loan Providers for Manchester Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Pnc Bank, National Association
Philadelphia, PA
1

Business Loan Advice for Manchester Businesses

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to have a specific plan.

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 capital is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 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 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. 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.

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