Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Columbus, Indiana

 
Loan Census SBA Loan Info

Raising money in Columbus, Indiana? If so, you'll want to talk to some of these small business lenders in Columbus.

If you are planning on applying for a small business loan and your business is based in Columbus, Indiana, we've put together a list of local small business banks that you should contact.

Local Columbus Business Lenders

Without further adieu, here's our list of small business banks in Columbus.

Small Business Bank Recent SBA Loans
Centra Credit Union  
Centra Cu 7
Community Bank  
Fifth Third Bank 2
First Financial Bank  
Homefederal Bank - Columbus Area  
Indiana Bank And Trust 20
Irwin Union Bank & Trust 244
Irwin Union Bank, F.s.b. 45
Jackson County Bank 8
JCB  
National City  
Salin Bank & Trust Company 11

Business Loan Providers for Columbus Businesses

This is a list of banks outside of Columbus, Indiana that have provided SBA loans to Columbus businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Business Lenders, LLC
Hartford, CT
1
California Bank & Trust
San Diego, CA
1
Capital One
Mclean, VA
2
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Excel National Bank
Beverly Hills, CA
1
Fifth Third Bank
Grand Rapids, MI
3
Fifth Third Bank
Indianapolis, IN
1
Fifth Third Bank
Louisville, KY
1
First Finan Bank
Hamilton, OH
1
Irwin Union Bank & Trust
Traverse City, MI
1
Jackson County Bank
Seymour, IN
4
Lincoln Bank
Greenwood, IN
1
M&i Marshall & Ilsley Bank
Indianapolis, IN
1
Monroe Bank
Bloomington, IN
5
National City Bank
Cleveland, OH
5
National City Bank
Indianapolis, IN
12
Newtek Small Business Finance Inc.
New York, NY
1
Salin Bank & Trust Company
Indianapolis, IN
4
Small Business Loan Source LLC
Houston, TX
1
Superior Financial Group, LLC
Walnut Creek, CA
1
The Huntington National Bank
Columbus, OH
1
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Columbus Businesses

Before contacting lenders for a loan, you will need to develop the specifics of your loan request.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the money back to the lender.

Having a business plan is is critically important. If the loan is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss what collateral you have available to guarantee 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 meeting with the 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Indiana
Get a Business Loan in Columbia City
Get a Business Loan in Connersville

Browse All Business Loan Sources for Indiana