Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Blanchester, Ohio

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Blanchester, Ohio, we've put together a list of local small business banks that you should contact.

Local Blanchester Lenders

To assist you in finding a small business banker, here's our list of small business banks in Blanchester.

Small Business Bank Recent SBA Loans
First National Bank of Blanchester  

Lenders for Blanchester Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
2
Jpmorgan Chase Bank
Houston, TX
1
National Bank & Trust
Wilmington, OH
2
National City Bank
Cleveland, OH
1
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
1

Business Loan Advice for Blanchester Businesses

Before reaching out to 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 introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.

A well-defined business plan is is critically important. 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 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, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 participate in the financial assistance programs available through the SBA. Before meeting with the 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.

Gaebler.com Advice on Raising Money

Gaebler.com is a site that is passionate about aiding entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Borrowing Money from Friends and Family.

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