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

Small Business Lenders in Powell, Ohio

 
Loan Census SBA Loan Info

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

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

Local Powell Business Lenders

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

Small Business Bank Recent SBA Loans
1st Cit. National Bank - Upper Sand 1
Champaign Bank  
Delaware County Bank & Trust - Powell Office  
Delaware County Bank & Trust - Sawmill Parkway Office  
Fifth Third Bank  
First Merit Bank  

Lenders for Powell Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
3
Choice Financial Group
Walhalla, ND
1
Cit Small Business Lending Corp
Livingston, NJ
4
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Cincinnati, OH
3
Fifth Third Bank
Columbus, OH
1
First Place Bank
Southfield, MI
1
First Place Bank
Warren, OH
1
Firstmerit Bank
Akron, OH
3
Firstmerit Commun Devel Corp
Akron, OH
1
Freedom Bank, Inc.
Bridgeport, WV
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Innovative Bank
Oakland, CA
2
Jpmorgan Chase Bank
Houston, TX
21
Keybank National Association
Cleveland, OH
2
National City Bank
Cleveland, OH
11
National City Bank
Indianapolis, IN
3
Rbs Citizens
Providence, RI
2
The Citizens Banking Company
Urbana, OH
1
The Huntington National Bank
Canton, OH
3
The Huntington National Bank
Columbus, OH
31
The Huntington National Bank
Salineville, OH
1
The Huntington National Bank
Zanesville, OH
2
U.S. Bank National Association
Cincinnati, OH
1
United Midwest Savings Bank
De Graff, OH
2

Business Loan Advice for Powell Businesses

As a prerequisite to meeting with 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Being able to present a well-written 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, the bank may ask you to to pledge your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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 Only Idiots Send Venture Capitalists Business Plans.

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