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December 24, 2024  
 
 
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Business Loan Perry, Ohio

 
Loan Census SBA Loan Info

Getting a business loan in Perry, Ohio seems challenging at first, but we're here to help you get started.

We wrote this article for small business proprietors in Perry, Ohio who are interested in getting debt financing.

Banks that Lend to Perry Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Firstmerit Bank
Akron, OH
7
National City Bank
Cleveland, OH
3
The Huntington National Bank
Columbus, OH
2
The Huntington National Bank
Warren, OH
1
U.S. Bank National Association
Cincinnati, OH
2

Tips for Getting a Business Loan in Perry

As a prerequisite to meeting with banks 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 bank.

Having a business plan is an important prerequisite. 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 you sit down to talk with a small business banker, you may want to do your homework 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 started, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Ohio
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Get a Business Loan in Perrysburg

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