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

Yellow Springs, Ohio Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for small business proprietors in Yellow Springs, Ohio who are interested in getting debt financing.

Local Yellow Springs Business Lenders

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

Small Business Bank Recent SBA Loans
Cornerstone Bank  

SBA Lenders for Yellow Springs Businesses

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

Small Business Bank Recent SBA Loans
Fifth Third Bank
Cincinnati, OH
1
Fifth Third Bank
Columbus, OH
1
Jpmorgan Chase Bank
Phoenix, AZ
1
The Huntington National Bank
Salineville, OH
1
U.S. Bank National Association
Cincinnati, OH
3

Yellow Springs Business Loan Advice

Prior to contacting banks to get a bank 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 essential. If the money 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked to secure the business 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 participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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.

Gaebler.com 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 Choosing VC Firms.

Business Loan Sources for Other Cities in Ohio
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