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

Jefferson, Ohio Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Jefferson, Ohio who are interested in getting a small business loan.

Local Jefferson Business Loan Sources

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

Small Business Bank Recent SBA Loans
Firstmerit Bank  

SBA Lenders for Jefferson Businesses

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

Small Business Bank Recent SBA Loans
Andover Bank
Andover, OH
1
Capital One
Mclean, VA
1
Capital One Bank (usa)
Glen Allen, VA
1
Keybank National Association
Cleveland, OH
1
Rbs Citizens
Providence, RI
1
The Huntington National Bank
Toledo, OH
1
Wells Fargo Bank
San Jose, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Jefferson Business Loan Advice

Prior 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.

Having a business plan is an important prerequisite. If the money is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to guarantee 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 are SBA lenders. Prior to visiting local banks, you may want to get up to speed 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 serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Business Cash Advances.

More Business Lender Lists for Ohio Cities
Get a Business Loan in Jackson
Get a Business Loan in Kent

Browse All Business Loan Sources for Ohio