Loan Census Banking News and Information
July 4, 2020  
  Business Loan Information  

Athens, Ohio Small Business Loans

Loan Census SBA Loan Info

Getting a business loan in Athens, 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 Athens, Ohio, we've assembled a list of local small business banks that you should contact.

Local Athens Business Loan Sources

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

Small Business Bank Recent SBA Loans
Banc One Mortgage Corporation  
Banc One Securities Corporation  
Bank One  
Century National Bank  
First National Bank  
First Western Bank FSB  
The Hocking Valley Bank 1

Lenders for Athens Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Capital One
Mclean, VA
Comerica Bank
Dallas, TX
Jpmorgan Chase Bank
Houston, TX
National City Bank
Cleveland, OH
Peoples Bank
Marietta, OH
The Citizens Bank Of Logan
Logan, OH
The Citizens Savings Bank
Lancaster, OH
United Bank
Parkersburg, WV
Wachovia SBA Lending, Inc.
Roseville, CA

Athens Bank Loan Tips

As a prerequisite to contacting banks to discuss getting a bank 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 your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money is to for an existing business, 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 pledge 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 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 do your homework 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. Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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