Loan Census Banking News and Information
December 12, 2019  
  Business Loan Information  

Small Business Lenders in Mogadore, Ohio

Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Mogadore, Ohio, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Mogadore Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
Fifth Third Bank
Toledo, OH
Firstmerit Commun Devel Corp
Akron, OH
Jpmorgan Chase Bank
Houston, TX
National City Bank
Cleveland, OH
Rbs Citizens
Cleveland, OH
Rbs Citizens
Providence, RI
Temecula Valley Bank
Temecula, CA
The Huntington National Bank
Akron, OH
The Huntington National Bank
Salineville, OH
The Huntington National Bank
Warren, OH
U.S. Bank National Association
Cincinnati, OH

Business Loan Advice for Mogadore Businesses

Prior to meeting with banks for a 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 bank.

A well-defined business plan is an important prerequisite. If the capital is to for a going concern, 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 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 are SBA lenders. 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

Our site is devoted to supporting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we recommend you read How to Raise Money.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Milford
Get a Business Loan in Monroe

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