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

Small Business Lenders in Westerville, Ohio

 
Loan Census SBA Loan Info

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

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

Local Westerville Lenders

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

Small Business Bank Recent SBA Loans
Bank One  
Cash Access  
Commercial Capital  
Commercial Savings Bank  
Delaware County Bank & Trust  
Fifth Third Bank  
First Indiana Bank  
Firstar - Giant Eagle  

Banks that Lend to Westerville Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
5
California Bank & Trust
Sacramento, CA
1
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
7
Cit Small Business Lending Corp
Livingston, NJ
1
Citizens Bank
Lansing, MI
1
Comerica Bank
Dallas, TX
1
Commerce National Bank
Columbus, OH
1
Delaware Cnty Bank & Trust
Lewis Center, OH
1
Fifth Third Bank
Cincinnati, OH
8
Fifth Third Bank
Columbus, OH
4
Fifth Third Bank
Grand Rapids, MI
1
First-knox National Bank
Mount Vernon, OH
1
Firstmerit Bank
Akron, OH
2
Heartland Bank
Gahanna, OH
2
Innovative Bank
Oakland, CA
1
Irwin Franchise Cap. Corp
Montvale, NJ
1
Jpmorgan Chase Bank
Chicago, IL
1
Jpmorgan Chase Bank
Houston, TX
60
Keybank National Association
Cleveland, OH
7
National City Bank
Bannockburn, IL
1
National City Bank
Cleveland, OH
24
National City Bank
Indianapolis, IN
3
Newtek Small Business Finance Inc.
New York, NY
1
The Commercial Savings Bank
Upper Sandusky, OH
2
The Huntington National Bank
Canton, OH
2
The Huntington National Bank
Columbus, OH
34
The Huntington National Bank
Salineville, OH
6
The Huntington National Bank
Zanesville, OH
3
U.S. Bank National Association
Cincinnati, OH
13
United Midwest Savings Bank
De Graff, OH
2
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
1
Wesbanco Bank, Inc.
Columbus, OH
1

Business Loan Advice for Westerville Businesses

Prior to reaching out to lenders to get 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, define how the money will be used, and show your ability to pay the loan back to the lender.

Being able to present a well-written business plan is an important prerequisite. If the capital 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 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 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. 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

Gaebler.com is a site that is dedicated to aiding entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Getting a Small Business Loan.

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