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

Fairview Park, Ohio Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Fairview Park, Ohio seems challenging at first, but we're here to help you get started.

These materials were prepared for entrepreneurs in Fairview Park, Ohio who are interested in getting debt financing.

Other Lending Resources for Fairview Park Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
1
Keybank National Association
Cleveland, OH
3
Liberty Bank
Twinsburg, OH
1
National City Bank
Bannockburn, IL
2
National City Bank
Cleveland, OH
9
National City Bank
Indianapolis, IN
1
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Providence, RI
1
Small Business Loan Source LLC
Houston, TX
1
The Huntington National Bank
Salineville, OH
1
United Midwest Savings Bank
De Graff, OH
1
Ups Capital Business Credit
North Olmsted, OH
1

Fairview Park Business Loan Advice

Before meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan 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. In addition, you should itemize 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, you will likely be asked 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 are SBA lenders. Prior to visiting local banks, 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

Gaebler.com is a site that is devoted to supporting small business owners, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

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