Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Cadiz, Ohio

 
Loan Census SBA Loan Info

Looking for a Cadiz, Ohio small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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

Local Cadiz Lenders

To help you learn more about local small business lenders, here's our list of small business banks in Cadiz.

Small Business Bank Recent SBA Loans
Equitable Savings & Loan CO  

Other Lending Resources for Cadiz Businesses

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

Small Business Bank Recent SBA Loans
Capital One
Mclean, VA
1
National City Bank
Cleveland, OH
2
The Huntington National Bank
Wheeling, WV
1

Business Loan Advice for Cadiz Businesses

Prior 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the loan 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, 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 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 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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