Loan Census Banking News and Information
August 22, 2019  
 
 
  Business Loan Information  
 

Small Business Lenders in Clyde, Ohio

 
Loan Census SBA Loan Info

Looking for a Clyde, 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.

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

Local Clyde Business Lenders

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

Small Business Bank Recent SBA Loans
Clyde Savings Bank Co  

SBA Lenders for Clyde Businesses

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

Small Business Bank Recent SBA Loans
National City Bank
Cleveland, OH
1
The Huntington National Bank
Toledo, OH
1

Business Loan Advice for Clyde Businesses

Prior to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the money back to the bank.

A well-defined business plan is essential. If the financing is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure 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 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 these banks are SBA lenders. Before you sit down to talk with a small business banker, you may want to do your homework 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 educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

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

Browse All Business Loan Sources for Ohio