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

North Bend, Ohio Small Business Loans

Loan Census SBA Loan Info

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

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

Business Loan Providers for North Bend Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
Fifth Third Commun Devel Co
Cincinnati, OH

North Bend Bank Loan Tips

Before reaching out to banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to read up on 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

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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