If you are looking for a small business loan and your business is based in Lewisburg, Ohio, we've assembled a list of local small business banks that you should contact.
Local Lewisburg Business Loan Sources
Without further adieu, here's our list of small business banks in Lewisburg.
|Small Business Bank
||Recent SBA Loans
|Brookville Building & Savings Association - Lewisburg Office
|Eaton National Bank & Trust CO - Lewisburg OFC
|First Financial Bank
|First National Bank of Southwestern Ohio
Other Lending Resources for Lewisburg Businesses
This is a list of banks outside of Lewisburg, Ohio that have provided SBA loans to Lewisburg businesses. Some of these may be national banks with local branch locations.
Lewisburg Bank Loan Tips
As a prerequisite to reaching out to lenders to get 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.
Having a business plan is essential. If the capital 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 you cannot repay the loan.
If the business has few assets, you will likely be asked to pledge 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 the banks in our list 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.
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 Line of Credit.
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