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March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan Wickliffe, Ohio

 
Loan Census SBA Loan Info

Raising money in Wickliffe, Ohio? If so, you'll want to talk to some of these small business lenders in Wickliffe.

These materials were prepared for small business proprietors in Wickliffe, Ohio who are interested in getting a small business loan.

Local Wickliffe Lenders

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

Small Business Bank Recent SBA Loans
Bank One - Lake County- Banking Centers- Wickliffe Office  
Bank One - Willoughby Hills Office- Lake County- Banking Centers- Willoughby H  

Banks that Lend to Wickliffe Businesses

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

Small Business Bank Recent SBA Loans
American National Bank
Parma, OH
1
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
1
Firstmerit Bank
Akron, OH
1
Jpmorgan Chase Bank
Houston, TX
6
Keybank National Association
Cleveland, OH
1
National City Bank
Cleveland, OH
9
Rbs Citizens
Providence, RI
4
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
5

Tips for Getting a Business Loan in Wickliffe

As a prerequisite to reaching out to banks for a loan, you will need to develop the specifics of your loan request.

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 your ability to pay the money back to the bank.

Having a business plan is is critically important. If the capital 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with 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 are SBA lenders. Prior to visiting local banks, 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

Our Gaebler.com site is dedicated to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. If raising money is on your to-do list, we would suggest you read 504 Loans.

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