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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Carroll, Ohio

 
Loan Census SBA Loan Info

Looking for a Carroll, Ohio small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for entrepreneurs in Carroll, Ohio who are interested in getting debt financing.

Local Carroll Business Lenders

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

Small Business Bank Recent SBA Loans
First National Bank  

Other Lending Resources for Carroll Businesses

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

Small Business Bank Recent SBA Loans
Fairfield National Bank A Division
Lancaster, OH
2
First Bremen Bank
Canal Winchester, OH
1
Jpmorgan Chase Bank
Houston, TX
3
National City Bank
Cleveland, OH
1
The Huntington National Bank
Columbus, OH
2
The Huntington National Bank
Salineville, OH
2

Tips for Getting a Business Loan in Carroll

Before reaching out to banks to get a bank loan, you will need to develop the specifics of your loan request.

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 how you plan to pay the money back to the bank.

A well-defined business plan is an important prerequisite. If the loan is to for a company that is already doing business, 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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. Prior to visiting local banks, 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 planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Microlending as a Small Business Funding Source.

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