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Business Loans
Financing is a big part of running a business, and we make it easier to move forward. Whether you’re starting something new, expanding operations, or covering everyday expenses, we offer straightforward loan options to help you get where you’re going.
Equipment Loans
Upgrade or replace equipment with financing built around your business cycle. Choose from fixed or variable rates and payment schedules that can be set monthly, quarterly, semiannually, or annually.
Features
- Fixed or variable rate programs.
- Payments are made either monthly, quarterly, semiannually, or annually.
Business Line of Credit
Keep a flexible cushion in place for everyday expenses and short-term needs. As your checking balance drops, funds can be transferred from your line of credit, and you can pay down principal at any time as cash comes in.
Features
- With this product, you write checks for your purchases. Your monthly statements contain information on each transaction you made as well as your payment due for that month.
- Once your business checking account falls below $500.00, increments of $100.00 will be transferred from your line of credit to your checking account.
- You can make principal payments at any time to reduce the outstanding balance of the loan and save on interest expense, and (depending on the draw options) may have access to the full amount of the loan again.
Commercial Real Estate
Purchase, refinance, or improve property with a loan structured for longer-term needs. Payments are made monthly so you can plan ahead and match your real estate financing to your business budget.
Features
- Payments are made monthly.
Construction Loans
Finance new construction or major renovation with a loan that follows your building schedule. Interest-only payments during the construction phase help keep cash flow manageable until your project is complete.
Features
- Interest only payments during construction phase allows a flexible payment plan.
- Stop in for more information.
Business Link Loans
If you are adding employees or need some relief from existing loan expense in order to maintain existing jobs, please see us about a reduced interest rate through the Ohio Treasurer of State. Applications may be obtained online or through our office.
Features
- Interest rate subsidy terms are for two years.
- Interest rates are subject to renewal based on need.
Business Lending Links
Whether your a small or large business, we know getting starting can be difficult. At SSB we provide the necessary information to get you going!
Contact our Lending Team
Interested in a loan or have questions about your finances? We’re here to help. Connect with someone who knows your community—and takes the time to understand your goals. Let’s talk about what’s next for you.
Aaron Schwarzbek
VP / Business Development Officer
Sherwood Branch
Sherwood Branch
Phone: 419-899-2111
Email
NMLS #1849699
Community Focused,
Customer Driven
