Loan Census Banking News and Information
December 9, 2019  
  Business Loan Information  

Business Loan Lakeview, Ohio

Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Lakeview, Ohio who are interested in getting a bank loan.

Local Lakeview Business Loan Sources

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

Small Business Bank Recent SBA Loans
Champaign Bank  

Other Lending Resources for Lakeview Businesses

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

Small Business Bank Recent SBA Loans
Community So. Bank D.b.a Commun
Parsons, TN
Jpmorgan Chase Bank
Houston, TX
Liberty National Bank
Bellefontaine, OH
The Citizens Banking Company
Urbana, OH
The Huntington National Bank
Columbus, OH

Tips for Getting a Business Loan in Lakeview

As a prerequisite to contacting lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

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 intend to to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 stocks and bonds that you might own or life insurance policies. 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 these banks participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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. Advice on Raising Money is a site that is passionate about providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Ohio
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Get a Business Loan in Lakewood

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