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

Hamersville, Ohio Business Loan

 
Loan Census SBA Loan Info

Small business loans in Hamersville, Ohio are available. You just need to talk to the right bank.

These materials were prepared for small business proprietors in Hamersville, Ohio who are interested in getting debt financing.

Lenders for Hamersville Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
1
North Side Bank & Trust Co.
Cincinnati, OH
1

Hamersville Business Loan Advice

Before contacting lenders to get a bank loan, you will need to have a specific plan.

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 your ability to pay the loan back to the lender.

Having a business plan is essential. If the financing is to for a company that is already doing 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 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 the equity in your home. 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. Before meeting with the banker, 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Business Credit Evaluation.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Grove City
Get a Business Loan in Hamilton

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