Loan Census Banking News and Information
December 15, 2018  
 
 
  Business Loan Information  
 

Cleveland, Ohio Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Cleveland, Ohio? If so, you'll want to talk to some of these small business lenders in Cleveland.

If you are looking for a small business loan and your business is based in Cleveland, Ohio, we've assembled a list of local small business banks that you should contact.

Local Cleveland Business Lenders

Without further adieu, here's our list of small business banks in Cleveland.

Small Business Bank Recent SBA Loans
Advantage Banking Services- Inc.  
American Bank Card North  
American National Bank  
ATM Solutions Inc  
Bank of America  
Bank One  
C J Banks  
Century Federal Savings Bank  
Charter One Bank  
Consumer Financial Consultants  
Crestmark Financial  
Dollar Bank A Fed. Savings Bk 19
Faith Community United Cu Inc. 4
Federal Reserve Bank of Cleveland  
Fifth Third Bank 33
First Federal Lakewood  
First Tennessee Securities Corporation  
First Union Securities  
Firstmerit Bank 1
Key Direct, A Branch Of 2
Keybank National Association 3,531
National City Bank 4,704
Rbs Citizens 593
Shorebank 12
Shorebank Cleveland Corp 2
The Huntington National Bank 24

Other Lending Resources for Cleveland Businesses

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

Small Business Bank Recent SBA Loans
Home Savings & Loan Co - Youn
Youngstown, OH
2
Amer Express Centurion Bk
Salt Lake City, UT
1
American National Bank
Parma, OH
11
Banco Popular North America
New York City, NY
2
Business Loan Center, LLC
New York, NY
4
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
28
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
6
Citizens Bank
Pepper Pike, OH
8
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Cincinnati, OH
13
Fifth Third Bank
Toledo, OH
1
First Place Bank
Warren, OH
1
Firstmerit Bank
Akron, OH
26
Firstmerit Bank
Medina, OH
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
2
Hsbc Bank Usa
Buffalo, NY
1
Hsbc Bank Usa
Lockport, NY
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Chicago, IL
1
Jpmorgan Chase Bank
Houston, TX
89
Liberty Bank
Twinsburg, OH
1
Merrill Lynch Bank Usa
Salt Lake City, UT
1
National City Bank
Bannockburn, IL
1
National City Bank
Indianapolis, IN
16
Ohio Commerce Bank
Beachwood, OH
3
Park View Federal Savings Bank
Solon, OH
1
Pnc Bank, National Association
Pittsburgh, PA
2
Rbs Citizens
Providence, RI
375
St. Bank & Trust
Defiance, OH
2
Temecula Valley Bank
Temecula, CA
3
The Huntington National Bank
Canton, OH
4
The Huntington National Bank
Columbus, OH
30
The Huntington National Bank
Salineville, OH
13
The Huntington National Bank
Toledo, OH
4
The Huntington National Bank
Warren, OH
10
The Huntington National Bank
Zanesville, OH
3
The Lorain National Bank
Lorain, OH
4
U.S. Bank National Association
Cincinnati, OH
139
United Midwest Savings Bank
De Graff, OH
4
Ups Capital Business Credit
North Olmsted, OH
3
Ups Capital Business Credit
Windsor, CT
4
Wachovia SBA Lending, Inc.
Roseville, CA
2
Wells Fargo Bank
San Jose, CA
1
Wells Fargo Bank
Sioux Falls, SD
1
Western Reserve Bank
Medina, OH
1
Westfield Bank, FSB
Westfield Center, OH
3

Cleveland Bank Loan Tips

Before contacting banks for a 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 how you plan to pay the loan back to the bank.

A well-defined 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. You will also need to discuss 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 to guarantee the loan with 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. 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read 504 Loans.

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