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

Tiltonsville, Ohio Small Business Loans

 
Loan Census SBA Loan Info

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

Local Tiltonsville Lenders

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

Small Business Bank Recent SBA Loans
Ameribank 1
Bank One Steubenville  
Citizens Banking Company  

Tiltonsville Bank Loan Tips

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 plan to pay the loan back to the bank.

A well-defined business plan is essential. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 stocks and bonds that you might own or life insurance policies. 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 these banks 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 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 learn as much as you can. If you haven't read it already, we recommend you review How Much Venture Capital Is There?.

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