We wrote this article for entrepreneurs in Plain City, Ohio who are interested in getting debt financing.
Local Plain City Banks
Without further adieu, here's our list of small business banks in Plain City.
Small Business Bank |
Recent SBA Loans |
Branch OFC |
|
Champaign Bank |
|
Citizens National Bank |
|
SBA Lenders for Plain City Businesses
This is a list of banks outside of Plain City, Ohio that have provided SBA loans to Plain City businesses. Some of these may be national banks with local branch locations.
Small Business Bank |
Recent SBA Loans |
Commerce National Bank
Columbus, OH |
4 |
Fifth Third Bank
Columbus, OH |
2 |
Innovative Bank
Oakland, CA |
1 |
Jpmorgan Chase Bank
Houston, TX |
12 |
Keybank National Association
Cleveland, OH |
2 |
National City Bank
Cleveland, OH |
3 |
Rbs Citizens
Providence, RI |
2 |
The Citizens Banking Company
Urbana, OH |
1 |
The Huntington National Bank
Canton, OH |
4 |
The Huntington National Bank
Columbus, OH |
4 |
The Huntington National Bank
Salineville, OH |
2 |
U.S. Bank National Association
Cincinnati, OH |
1 |
United Midwest Savings Bank
De Graff, OH |
1 |
Tips for Getting a Business Loan in Plain City
Before contacting banks for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.
A well-defined business plan is an important prerequisite. 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 cash flow from the business does not meet your projections.
If the business has few assets, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. 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
If you are serious about Raising
Money, you need to educate yourself. If you haven't read it
already, we recommend you review
504 Loans.
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