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

Business Loan Maple Heights, Ohio

 
Loan Census SBA Loan Info

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

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

Local Maple Heights Lending Resources

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

Small Business Bank Recent SBA Loans
Charter One Bank  
Dollar Bank - East- Branch Offices- Maple Heights Office  

Business Loan Providers for Maple Heights Businesses

This is a list of banks outside of Maple Heights, Ohio that have provided SBA loans to Maple Heights 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 Lenders, LLC
Hartford, CT
1
Capital One
Mclean, VA
3
Fifth Third Bank
Cleveland, OH
1
Firstmerit Bank
Akron, OH
4
Jpmorgan Chase Bank
Houston, TX
2
Keybank National Association
Cleveland, OH
2
National City Bank
Cleveland, OH
7
Rbs Citizens
Providence, RI
6
The Huntington National Bank
Columbus, OH
6
U.S. Bank National Association
Cincinnati, OH
4
Ups Capital Business Credit
North Olmsted, OH
1
Wachovia SBA Lending, Inc.
Roseville, CA
1

Tips for Getting a Business Loan in Maple Heights

Before reaching out to lenders to get a bank 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, describe what the money will finance, and show how you intend to to pay the money back to the lender.

Having a business plan is essential. If the bank loan is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 secure the business 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. Before you sit down to talk with a small business banker, 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

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Getting a Small Business Loan.

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