Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in New Bremen, Ohio

 
Loan Census SBA Loan Info

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

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

Local New Bremen Business Loan Sources

To assist you in finding a small business banker, here's our list of small business banks in New Bremen.

Small Business Bank Recent SBA Loans
First National Bank In New Bremen 2

Business Loan Providers for New Bremen Businesses

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

Small Business Bank Recent SBA Loans
Cit. National Bank - Bluffton
Bluffton, OH
1
Minster Bank
Minster, OH
1
U.S. Bank National Association
Cincinnati, OH
1

Business Loan Advice for New Bremen Businesses

Prior to meeting with banks to get a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is essential. If the capital is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 your individual retirement account or pension plan. 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. 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

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