If you are looking for a small business loan and your business is based in Clinton, Indiana, we've assembled a list of local small business banks that you should contact.
Local Clinton Business Lenders
To help you learn more about local small business lenders, here's our list of small business banks in Clinton.
Small Business Bank |
Recent SBA Loans |
Fifth Third Bank - Clinton Office |
|
First Finan Bank |
1 |
First Financial Bank - Clinton OFC |
|
Merchants National Bank |
|
Clinton Bank Loan Tips
Before contacting lenders for a loan, you will need to determine exactly what size loan you will be asking for.
You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.
Being able to present a well-written business plan is is critically important. If the financing is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know what collateral you have available to secure the loan. Collateral is relevant because banks always
want to be prepared for a worst-case scenario in which cash flow from the business does not meet your projections.
If the business has few assets, you will likely be asked to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. The banks will check on your personal credit history in any case, so hopefully you have good credit history
-- you may want to get a copy of your credit history prior to meeting with the banker.
Many of the banks in our list participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to get up to speed on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.
Gaebler.com Advice on Raising Money
Take the time to learn as much as you can about Raising
Money. For starters, we suggest you read
Business Line of Credit.
More Business Loan Info for Indiana
Get a Business Loan in Clarksville
Get a Business Loan in Columbia City
Browse All Business Loan Sources for Indiana