These materials were prepared for small business proprietors in Wheelersburg, Ohio who are interested in getting a bank loan.
Local Wheelersburg Lenders
Without further adieu, here's our list of small business banks in Wheelersburg.
|Small Business Bank
||Recent SBA Loans
|American Savings Bank
|ATM Services Inc
|Charter One Bank - Branch Locations- Wheelersburg
|Firstar - Wheelersburg Office
Business Loan Providers for Wheelersburg Businesses
This is a list of banks outside of Wheelersburg, Ohio that have provided SBA loans to Wheelersburg businesses. Some of these may be national banks with local branch locations.
Wheelersburg Business Loan Advice
As a prerequisite to reaching out to 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, describe what the money will finance, and show how you intend to to pay the loan back to the bank.
Having a business plan is essential. If the financing is to for a company that is already doing 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 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 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 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.
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