Loan Census Banking News and Information
September 20, 2019  
 
 
  Business Loan Information  
 

Franklin, Ohio Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Franklin Business Lenders

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

Small Business Bank Recent SBA Loans
Community National Bank  
Fifth Third Bank - Bank Marts- Towne Boulevard Bank Mart  
Fifth Third Bank - Banking Centers- Springboro Banking Center  
Fifth Third Bank - South- Banking Centers- Franklin Banking Center  

Banks that Lend to Franklin Businesses

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

Small Business Bank Recent SBA Loans
American National Bank
Parma, OH
1
Business Loan Center, LLC
New York, NY
1
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Fifth Third Bank
Cincinnati, OH
3
First Finan Bank
Hamilton, OH
3
First Finan Bank
Middletown, OH
1
Jpmorgan Chase Bank
Houston, TX
4
Mainstreet Lender 7(a), LLC
Chevy Chase, MD
1
National City Bank
Cleveland, OH
4
Oak Hill Banks
Centerville, OH
1
Oak Hill Banks
Mason, OH
1
Pnc Bank, National Association
Pittsburgh, PA
1
River Valley Cu
Miamisburg, OH
1
Second National Bank
Greenville, OH
1
The Huntington National Bank
Columbus, OH
3
U.S. Bank National Association
Cincinnati, OH
2

Franklin Bank Loan Tips

As a prerequisite to contacting banks to discuss getting 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. If the bank loan is to for a going concern, 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 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 your individual retirement account or pension plan. 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 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

If you are new to our Gaebler.com site, you should know that we are dedicated to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, we would suggest you read 504 Loans.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Fostoria
Get a Business Loan in Fremont

Browse All Business Loan Sources for Ohio