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

Moraine, Ohio Business Loan

 
Loan Census SBA Loan Info

Looking for a Moraine, 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 Moraine, Ohio who are interested in getting a bank loan.

Other Lending Resources for Moraine Businesses

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

Small Business Bank Recent SBA Loans
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Dayton, OH
1
Liberty Savings Bank, F.s.b.
Dayton, OH
1
National City Bank
Cleveland, OH
3
National City Bank
Indianapolis, IN
2
The Huntington National Bank
Canton, OH
2
The Huntington National Bank
Columbus, OH
1
The Huntington National Bank
Salineville, OH
1

Moraine Business Loan Advice

As a prerequisite to reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 plan to pay the loan back to the bank.

Being able to present a well-written business plan is is critically important. 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 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 to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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. Before meeting with the banker, you may want to read up on 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 serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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