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

Business Loan Clarksville, Ohio

 
Loan Census SBA Loan Info

I need a loan for my business in Clarksville, Ohio! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business proprietors in Clarksville, Ohio who are interested in getting debt financing.

SBA Lenders for Clarksville Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
Jpmorgan Chase Bank
Houston, TX
2

Tips for Getting a Business Loan in Clarksville

As a prerequisite to reaching out to lenders 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, define how the money will be used, and show your ability to pay the money back to the lender.

Having a business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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, the bank may ask you to to secure the business 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 read up on 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

Make the effort and learn as much as you can about Raising Money. For starters, we suggest you read Business Line of Credit.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Circleville
Get a Business Loan in Cleveland

Browse All Business Loan Sources for Ohio