Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Dover, Ohio Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Dover Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Dover.

Small Business Bank Recent SBA Loans
Advantage Bank  
Atm USA LLC  
Bank One  
First Federal Community Bank 13
First National Bank  

Other Lending Resources for Dover Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The West
San Francisco, CA
1
Business Lenders, LLC
Hartford, CT
1
Capital One
Mclean, VA
3
Firstmerit Bank
Akron, OH
3
Jpmorgan Chase Bank
Houston, TX
11
National City Bank
Cleveland, OH
5
Rbs Citizens
Providence, RI
1
The Huntington National Bank
Cleveland, OH
1
The Huntington National Bank
Columbus, OH
4

Dover Bank Loan Tips

Before reaching out to lenders to discuss getting 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, describe what the money will finance, and show how you plan to pay the money back to the lender.

Having a business plan is essential. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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. 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read Getting a Small Business Loan.

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