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

Small Business Lenders in Seville, Ohio

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Seville, Ohio, we've put together a list of local small business banks that you should contact.

Local Seville Lenders

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

Small Business Bank Recent SBA Loans
First National Bank  
Firstmerit Bank  

Business Loan Providers for Seville Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Community So. Bank D.b.a Commun
Parsons, TN
1
Firstmerit Bank
Akron, OH
6
Firstmerit Commun Devel Corp
Akron, OH
1
Jpmorgan Chase Bank
Houston, TX
1
National City Bank
Cleveland, OH
7
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Providence, RI
2
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
2
Western Reserve Bank
Medina, OH
1

Business Loan Advice for Seville Businesses

As a prerequisite to meeting with lenders for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the lender.

A well-defined business plan is is critically important. If the bank loan is to for a going concern, 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 the equity in your home. The banks will look at your personal credit report 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Business Cash Advances.

More Business Loan Info for Ohio
Get a Business Loan in Seven Hills
Get a Business Loan in Shaker Heights

Browse All Business Loan Sources for Ohio