Loan Census Banking News and Information
December 9, 2019  
 
 
  Business Loan Information  
 

Business Loan Bradford, Ohio

 
Loan Census SBA Loan Info

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

We wrote this article for small business owners in Bradford, Ohio who are interested in getting a small business loan.

Local Bradford Lenders

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

Small Business Bank Recent SBA Loans
Covington Savings & Loan  
Fifth Third Bank  

Business Loan Providers for Bradford Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Dayton, OH
1

Tips for Getting a Business Loan in Bradford

Prior to meeting with banks to discuss getting 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, 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 is critically important. If the loan 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 guarantee 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 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Incubators.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Bowling Green
Get a Business Loan in Brecksville

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