SBA Loans in Lima, OH
Unlock the power of the SBA to fuel your business growth, with flexible terms and low rates
Get Pre-Approved
Great Rates, Less Requirements & Smaller Down Payments
With SBA loans in Lima, OH, StartCap provides the financial foundation your business needs. Flexible terms and dedicated support make growth achievable. Let us power your entrepreneurial journey with ease and confidence.
Rates as Low as 6%
Yes, you read that correctly—access SBA loans with competitive rates that help your business thrive.
Terms up to 25 Years
Enjoy long repayment terms, giving you the flexibility to manage your cash flow over time.
Flexible Uses
Use your SBA loan for working capital, equipment, real estate, or other business expenses.
We're More Than Lima SBA Loans
StartCap empowers businesses in Allen County with financial solutions that foster growth and development. Whether you're scaling up or managing cash flow, we offer the tools necessary to take your business to the next level.
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Lima or nationwide.
Here's a truck load of stuff to get kicked off
Find SBA Loans Near Lima, OH
Entrepreneurs in Lima and nearby locations can count on tailored financial resources to help them grow. We offer customized solutions to meet the unique needs of each entrepreneur. From Wapakoneta to Bellefontaine and beyond, we're your credit line specialists.
SBA Loan FAQ's
Lima, OH, a city with industrial roots and agricultural significance, offers diverse opportunities for business growth. Small business owners seeking financial support often explore SBA loan options to fuel their entrepreneurial dreams in Allen County's dynamic economic environment.
Here are a few local suggestions:- First National Bank at Main Street & Market Street
- Lima Community Bank at Elida Road & Cable Road
- Key Bank at North Elizabeth Street & West Market Street
- Fifth Third Bank at West Elm Street & North Main Street
- Ohio Savings Bank at Findlay Pike & West Ohio Avenue
- University Credit Union at Cole Street & Colburn Avenue
SBA loans in Lima provide crucial financing for equipment purchases, working capital, real estate acquisition, and startup costs. Local new business owners can explore various loan programs like 7(a), 504, and microloans tailored to different business needs and growth stages.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.Interest rates for SBA loans in Lima, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Lima, which are popular for new businesses, generally have rates ranging from 6% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.
Yes, your business needs to be registered with the state to qualify for SBA funding. However, to receive funding from StartCap, your business doesn't need to be registered with the state. We can help you explore alternative funding options that rely more on personal credit, income, or assets if you're not registered. Or, we can help you to get registered.
Local businesses in Lima, Allen County, OH benefit from various SBA loan programs targeting small enterprises. Restaurants, retail stores, service providers like plumbers and HVAC technicians, and professional services frequently qualify for funding through the Small Business Administration's diverse loan offerings.
Manufacturing firms, construction companies, and technology start-ups around the greater Lima metropolitan region often meet SBA lending requirements. Founders seeking financial support can explore options like 7(a) loans, microloans, and equipment financing based on specific business characteristics and credit profiles.
