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

Business Loan University Heights, Ohio

 
Loan Census SBA Loan Info

Small business loans in University Heights, Ohio are available. You just need to talk to the right bank.

This article is written specifically for small business owners in University Heights, Ohio who are interested in getting a bank loan.

Banks that Lend to University Heights Businesses

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

Small Business Bank Recent SBA Loans
Comerica Bank
Dallas, TX
1
Dollar Bank A Fed. Savings Bk
Pittsburgh, PA
1
First National Bank - Pennsylvania
Youngstown, OH
1
Keybank National Association
Cleveland, OH
1
National City Bank
Cleveland, OH
3
Rbs Citizens
Providence, RI
3
The Huntington National Bank
Columbus, OH
2
The Huntington National Bank
Salineville, OH
1
The Huntington National Bank
Warren, OH
1

Tips for Getting a Business Loan in University Heights

As a prerequisite to contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

Being able to present a well-written business plan is essential. If the loan 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 guarantee 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 secure the business with your personal assets, such as your individual retirement account or pension plan. 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 are SBA lenders. Before meeting with the banker, you may want to read up on 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 new to our Gaebler.com site, you should know that we are deeply committed to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Microlending as a Small Business Funding Source.

More Business Lender Lists for Ohio Cities
Get a Business Loan in Uhrichsville
Get a Business Loan in Upper Sandusky

Browse All Business Loan Sources for Ohio