Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Business Loan New Philadelphia, Ohio

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in New Philadelphia, Ohio who are interested in getting debt financing.

Local New Philadelphia Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank One  
Belmont National Bank  
Charter One Bank  
Coldwell Banker K Bee Realty  
First Federal Community Bank  
First National Bank  

Business Loan Providers for New Philadelphia Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Panama City Beach, FL
2
Capital One
Mclean, VA
1
First Federal Community Bank
Dover, OH
3
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Jpmorgan Chase Bank
Houston, TX
6
National City Bank
Indianapolis, IN
1
Rbs Citizens
Cleveland, OH
1
Rbs Citizens
Providence, RI
2
The Huntington National Bank
Canton, OH
1
The Huntington National Bank
Columbus, OH
5
United Midwest Savings Bank
De Graff, OH
1
Wells Fargo Bank
Sioux Falls, SD
2

Tips for Getting a Business Loan in New Philadelphia

Before meeting with 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 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 intend to to pay the money back to the bank.

Having a business plan is is critically important. 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 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 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 you sit down to talk with a small business 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

More Business Loan Info for Ohio
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Get a Business Loan in Newark

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