SBA Loans for Local Small Businesses

We’ve Teamed Up with the SBA to Build Your Small Business

Benchmark Bank partners with the U.S. Small Business Administration (SBA) to provide flexible lending options to small business owners in Central Ohio. We work with new and established businesses who need financing options for continued success.

SBA loan programs offer more flexibility than conventional loans offer and guarantees a portion of the loan. This allows Benchmark Bank to offer small business customers more viable options for their financing.

Learn more about SBA Loans with Benchmark Bank:

Who Qualifies for SBA Loan Programs

The SBA website states that businesses must meet the following requirements in order to be eligible for a small business loan:

  • Must be for-profit
  • Must do business in the United States
  • Must have reasonable invested equity
  • Must use alternative financial resources, including personal assets, before seeking financial assistance
  • Must demonstrate a need for the loan proceeds
  • Must use the funds for a sound business purpose
  • Must not be delinquent on any existing debt obligations to the U.S. Government

The SBA does not specify the types of businesses that are eligible for small business loans, so requirements for eligibility are based on certain aspects of the business and its principals. These aspects and principals include what the business does to receive income, the character of its ownership, and where the business operates.

Who We Lend To

Benchmark Bank typically lends to the following types of businesses around Central Ohio:

  • Startups
  • Buying a business or franchise
  • Small offices
  • Buildings or apartment management
  • Construction

Get more information about small business loans

Talk with one of our Business Bankers to get all of the details and to help you find the SBA option that best fits your business.

Benchmark Bank is an approved SBA lender. Loans subject to underwriting criteria. Talk to a Benchmark Business Banker for details.