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

West Alexandria, Ohio Business Loan

 
Loan Census SBA Loan Info

Raising money in West Alexandria, Ohio? If so, you'll want to talk to some of these small business lenders in West Alexandria.

We wrote this article for small business proprietors in West Alexandria, Ohio who are interested in getting debt financing.

Local West Alexandria Banks

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

Small Business Bank Recent SBA Loans
Eaton National Bank & Trust CO - West Alexandria Ofc- W Alexandria OFC  

Other Lending Resources for West Alexandria Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Cincinnati, OH
2
Fifth Third Bank
Dayton, OH
1
National City Bank
Cleveland, OH
1
U.S. Bank National Association
Cincinnati, OH
1

West Alexandria Business Loan Advice

As a prerequisite to meeting with banks 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 plan to pay the loan back to the bank.

Having a business plan is is critically important. If the financing 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 to guarantee the loan with your personal assets, such as the equity in your home. 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 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 new to our Gaebler.com site, you should know that we are devoted to providing advice to small business owners, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read Borrowing Money from Friends and Family.

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

Browse All Business Loan Sources for Ohio