The Croghan Colonial Bank
The Croghan Colonial Bank is an active SBA lender in Ohio, a bank offering SBA-guaranteed small-business loans. Currently rated 3.5 stars across 19 Google reviews.
$60M
in SBA approvals since 2010
106
SBA loans funded
Hotels & Lodging · Automotive Repair & Services · Wholesale & Distribution
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About The Croghan Colonial Bank
Offering comprehensive SBA lending services, this financial institution specializes in supporting small businesses with various loan programs. Whether you're seeking funding for expansion, equipment, or working capital, they provide tailored solutions to meet your needs. The bank has a strong history of facilitating SBA loans, particularly through the 7(a) program, which is ideal for a wide range of business purposes. Their experienced loan officers guide clients through the application process, ensuring clarity and efficiency. With a focus on personalized service, they work closely with borrowers to understand their unique circumstances and help them secure the necessary funding. The bank's commitment to small business growth is evident in their flexible lending criteria and dedicated support team. Located in Fremont, Ohio, they serve local entrepreneurs and businesses across the region, fostering economic development and job creation. Their loan offerings include support for startups, existing businesses, and those looking to expand or refinance. They also provide guidance on eligibility and documentation requirements, making the borrowing process straightforward and accessible. Whether you're a new business owner or an established company, this bank is equipped to help you navigate the complexities of SBA financing with confidence.
Industries The Croghan Colonial Bank finances
Business types The Croghan Colonial Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about The Croghan Colonial Bank
What is this place and what can I find here?
This is a financial institution that offers SBA loan programs and support services for small businesses, including guidance through the application process and funding options tailored to your needs.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated depending on availability.
What are the hours of operation?
The Fremont main location lobby operates Monday through Friday from 9:00 am to 4:00 pm, and the drive-thru operates from 8:30 am to 5:00 pm Monday through Friday. Confirm current hours with The Croghan Colonial Bank.
Is there a fee to use this?
There are no fees to visit the branch; however, loan application fees and other charges may apply depending on the services used.
Who is this open to — anyone, or only residents/members?
This bank primarily serves residents and businesses within its regional area, but they also welcome applications from qualified out-of-area borrowers seeking SBA financing.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 640 is typically required, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process generally takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation.
Is this open on weekends?
No, this location is closed on weekends. Both the lobby and drive-thru are closed on Saturdays. Confirm weekend hours directly with The Croghan Colonial Bank.
How do I get there and where do I park?
The Croghan Colonial Bank is located in Ohio — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for The Croghan Colonial Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Croghan Colonial Bank itself, which runs its own lending under its own ownership. If you work at The Croghan Colonial Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Croghan Colonial Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with The Croghan Colonial Bank before applying. If you represent The Croghan Colonial Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
Contact The Croghan Colonial Bank Fremont main location at (419) 355-2208 or email the office manager at cpetersen@croghan.com. Confirm with the lender for current contact options.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, The Croghan Colonial Bank most often finances businesses in restaurants & food service, automotive repair & services, construction & contractors, hotels & lodging, manufacturing, and general retail. This reflects The Croghan Colonial Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with The Croghan Colonial Bank which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether The Croghan Colonial Bank participates in SBA Express depends on its specific SBA lending authority. Contact The Croghan Colonial Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. The Croghan Colonial Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. The Croghan Colonial Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Croghan Colonial Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask The Croghan Colonial Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask The Croghan Colonial Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with The Croghan Colonial Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. The Croghan Colonial Bank weighs this case by case under its own policy, so be upfront about your history and ask The Croghan Colonial Bank how it evaluates prior bankruptcies.
