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

Kalida, Ohio Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Kalida, Ohio! If that's what's on your mind, you've come to the right place.

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

Other Lending Resources for Kalida Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Cincinnati, OH
1

Kalida Bank Loan Tips

Before contacting banks for a 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, walk the banker through the planned use of proceeds, 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 money 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 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, the bank may ask you to to pledge 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 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

If you are new to our Gaebler.com site, you should know that we are deeply committed to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read 504 Loans.

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