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

Business Loan Obetz, Ohio

Loan Census SBA Loan Info

Small business loans in Obetz, Ohio are available. You just need to talk to the right bank.

This article is written specifically for entrepreneurs in Obetz, Ohio who are interested in getting debt financing.

Other Lending Resources for Obetz Businesses

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

Small Business Bank Recent SBA Loans
National City Bank
Cleveland, OH
The Huntington National Bank
Canton, OH
The Huntington National Bank
Zanesville, OH

Tips for Getting a Business Loan in Obetz

As a prerequisite to reaching out to banks 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 your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for a company that is already doing 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 stocks and bonds that you might own or life insurance policies. The banks will look at your personal credit report 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. Advice on Raising Money

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we suggest you read Business Line of Credit.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Norwalk
Get a Business Loan in Olmsted Falls

Browse All Business Loan Sources for Ohio