Loan Census Banking News and Information
August 20, 2019  
 
 
  Business Loan Information  
 

Small Business Lenders in Oregon, Ohio

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Oregon, Ohio, we've assembled a list of local small business banks that you should contact.

Local Oregon Business Lenders

Without further adieu, here's our list of small business banks in Oregon.

Small Business Bank Recent SBA Loans
Bay Area Credit Union  
Charter One Bank - Branch Locations- Oregon  
Fifth Third Bank - Suburban Banking Centers- Oregon  
First Federal Bank  

Banks that Lend to Oregon Businesses

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

Small Business Bank Recent SBA Loans
Cit Small Business Lending Corp
Livingston, NJ
1
Genoa Banking Company
Genoa, OH
2
Keybank National Association
Cleveland, OH
3
National Bank - Oak Harbor
Oak Harbor, OH
1
National City Bank
Cleveland, OH
3
Rbs Citizens
Cleveland, OH
4
Rbs Citizens
Providence, RI
8
St. Bank & Trust
Defiance, OH
1
The Huntington National Bank
Toledo, OH
1

Business Loan Advice for Oregon Businesses

Before contacting banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

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 plan to pay the loan back to the bank.

A well-defined business plan is is critically important. 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 guarantee the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 these banks 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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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