Portage Community Bank
Portage Community Bank is an active SBA lender in Ohio, a bank offering SBA-guaranteed small-business loans. Currently rated 4.7 stars across 26 Google reviews.
$29M
in SBA approvals since 2010
80
SBA loans funded
Manufacturing · Construction & Contractors · Transportation & Trucking
Top industries financed
Source: U.S. SBA 7(a) & 504 FOIA loan-approval records (FY2010–present).
About Portage Community Bank
Portage Community Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for a variety of purposes including working capital, equipment purchase, and real estate acquisition. The bank's experienced team guides clients through the application process, ensuring a smooth experience from start to finish. Their lending solutions are designed to meet the unique needs of local businesses, fostering economic development within the community. Whether you're a startup or an established enterprise, Portage Community Bank aims to provide flexible financing options with competitive terms. Their commitment to supporting local businesses makes them a trusted partner for SBA loan programs, including SBA 7(a) and other offerings. The bank's strategic focus on small business financing helps entrepreneurs access the capital they need to succeed and grow. Located in Ravenna, Ohio, they serve a broad range of industries, especially those aligned with their primary NAICS code of 713940, which includes amusement parks and arcades. With a record approval amount of $119,000, they demonstrate a strong capacity to support business ambitions. Their dedicated staff ensures clients receive personalized attention, guiding them through the complexities of SBA lending with expertise and care.
Industries Portage Community Bank finances
Business types Portage Community Bank actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about Portage Community Bank
What is this place and what can I find here?
This is a trusted SBA lender offering small business financing solutions, including SBA 7(a) loans, tailored to help entrepreneurs grow and succeed. You can find personalized guidance and competitive loan options designed to meet your business needs. Their experienced team supports clients through every step of the application process, ensuring a smooth experience.
Do I need an appointment or can I walk in?
It's recommended to schedule an appointment to ensure dedicated time with a loan specialist, but walk-ins may be accommodated depending on availability. Calling ahead can help streamline your visit and prepare necessary documentation.
What are the hours of operation?
The bank operates during regular business hours, typically Monday through Friday from 9:00 AM to 5:00 PM. It's advisable to contact the branch directly for specific hours or to schedule an appointment outside of standard times.
Is there a fee to use this?
There are standard fees associated with SBA loans, including application, guarantee, and closing costs. Specific fee details depend on the loan amount and terms, and the bank provides transparency throughout the process.
Who is this open to — anyone, or only residents/members?
This lender primarily serves small businesses within the local community, but eligibility is based on business criteria rather than residency alone. It's best to consult with the bank directly to understand specific eligibility requirements.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 620 is generally preferred, though higher scores may improve loan terms and approval chances. The bank evaluates credit history as part of the overall application process.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of submitted documentation. The bank aims to provide timely decisions to support business growth plans.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Portage Community Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Portage Community Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Portage Community 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 Portage Community Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Portage Community Bank itself, which runs its own lending under its own ownership. If you work at Portage Community Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Portage Community 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 Portage Community Bank before applying. If you represent Portage Community Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Portage Community Bank by phone at (330) 296-8090 or online at pcbbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Portage Community Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, Portage Community Bank most often finances businesses in transportation & trucking, general retail, automotive repair & services, manufacturing, and restaurants & food service. This reflects Portage Community 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 Portage Community 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 Portage Community Bank participates in SBA Express depends on its specific SBA lending authority. Contact Portage Community 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. Portage Community 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. Portage Community Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Portage Community 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 Portage Community 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 Portage Community 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 Portage Community 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. Portage Community Bank weighs this case by case under its own policy, so be upfront about your history and ask Portage Community Bank how it evaluates prior bankruptcies.
