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

West Manchester, Ohio Business Loan

Loan Census SBA Loan Info

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

These materials were prepared for small business owners in West Manchester, Ohio who are interested in getting a bank loan.

Local West Manchester Lenders

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

Small Business Bank Recent SBA Loans
First State Bank  

Business Loan Providers for West Manchester Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
National City Bank
Cleveland, OH

West Manchester Business Loan Advice

Before meeting with banks for a loan, you will need to have a specific plan.

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 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 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 pledge your personal assets, such as the equity in your home. 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 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. Advice on Raising Money

If you are planning on Raising Money, you need to educate yourself. If you haven't read it already, we recommend you review Attracting Investors.

More Business Lender Lists for Ohio Cities
Get a Business Loan in Wauseon
Get a Business Loan in Westerville

Browse All Business Loan Sources for Ohio