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

Greenfield, Ohio Business Loan

 
Loan Census SBA Loan Info

Looking for a Greenfield, 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.

This article is written specifically for small business owners in Greenfield, Ohio who are interested in getting a small business loan.

Local Greenfield Banks

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

Small Business Bank Recent SBA Loans
Fifth Third Bank - Commercial Lending  
Fifth Third Bank - Greenfield Banking Center  
Fifth Third Bank - Mortgage Lending  

Lenders for Greenfield Businesses

This is a list of banks outside of Greenfield, Ohio that have provided SBA loans to Greenfield 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
1

Greenfield Business Loan Advice

Prior to contacting banks for a loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the money 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 to guarantee the loan with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 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. For starters, we recommend you read Attracting Investors.

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