Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Business Loan Monroe, Ohio

 
Loan Census SBA Loan Info

Raising money in Monroe, Ohio? If so, you'll want to talk to some of these small business lenders in Monroe.

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

Local Monroe Banks

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

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Monroe- ATM Location  
First Financial Bank  

Business Loan Providers for Monroe Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Fifth Third Bank
Cincinnati, OH
2
First Finan Bank
Hamilton, OH
2
Jpmorgan Chase Bank
Houston, TX
3
National City Bank
Cleveland, OH
1
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
1
River Valley Cu
Miamisburg, OH
1
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
1
Washington Mutual Bank
Henderson, NV
1

Tips for Getting a Business Loan in Monroe

Before meeting with 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the financing is to for an existing business, 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 secure the business with 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Find Start-Up Capital.

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