This article is written specifically for small business proprietors in Christiansburg, Ohio who are interested in getting a bank loan.
Local Christiansburg Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Christiansburg.
|Small Business Bank
||Recent SBA Loans
|First Central National Bank
Business Loan Providers for Christiansburg Businesses
This is a list of banks outside of Christiansburg, Ohio that have provided SBA loans to Christiansburg businesses. Some of these may be national banks with local branch locations.
Christiansburg Business Loan Advice
Prior to contacting banks to get 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.
Having a business plan is is critically important. If the capital is to for an existing 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 cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to secure the business 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 these banks 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 serious about Raising
Money, you need to get up to speed on the subject. If you haven't read it
already, we recommend you review
Business Credit Evaluation.
Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Chillicothe
Get a Business Loan in Cincinnati
Browse All Business Loan Sources for Ohio