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

Washingtonville, Ohio Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Washingtonville, Ohio who are interested in getting a small business loan.

SBA Lenders for Washingtonville Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
2

Washingtonville Business Loan Advice

Before meeting with lenders to get a bank 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 your ability to pay the loan back to the lender.

Having a business plan is is critically important. If the capital is to for a going concern, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 the banks in our list participate in the financial assistance programs available through the SBA. 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Investor Turnoffs.

More Business Lender Lists for Ohio Cities
Get a Business Loan in Warren
Get a Business Loan in Wauseon

Browse All Business Loan Sources for Ohio