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

Westlake, Ohio Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Westlake, Ohio seems challenging at first, but we're here to help you get started.

If you are hoping to get a small business loan and your business is based in Westlake, Ohio, we've assembled a list of local small business banks that you should contact.

Local Westlake Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Westlake.

Small Business Bank Recent SBA Loans
Charter One Bank - Branch Locations- Westlake  
Dollar Bank  
Fifth Third Bank - Banking Centers- Westlake  
First Federal Lakewood  
First Union Securities  

Business Loan Providers for Westlake Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Cincinnati, OH
1
Firstmerit Bank
Akron, OH
6
Firstmerit Bank
Cleveland, OH
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Jpmorgan Chase Bank
Houston, TX
6
Keybank National Association
Cleveland, OH
8
National City Bank
Cleveland, OH
18
National City Bank
Indianapolis, IN
3
Pnc Bank, National Association
Pittsburgh, PA
1
Rbs Citizens
Cleveland, OH
4
Rbs Citizens
Providence, RI
22
St. Bank & Trust
Defiance, OH
1
The Huntington National Bank
Canton, OH
4
The Huntington National Bank
Columbus, OH
4
The Huntington National Bank
Salineville, OH
3
The Huntington National Bank
Toledo, OH
1
The Lorain National Bank
Lorain, OH
3
U.S. Bank National Association
Cincinnati, OH
4
United Midwest Savings Bank
De Graff, OH
1
Ups Capital Business Credit
North Olmsted, OH
1
Ups Capital Business Credit
Windsor, CT
1
Wells Fargo Bank
San Jose, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Westlake Bank Loan Tips

As a prerequisite to reaching out to banks to discuss getting 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

Having a business plan is essential. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to pledge 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 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

Take the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Business Cash Advances.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Westerville
Get a Business Loan in Wheelersburg

Browse All Business Loan Sources for Ohio