Daleville, Indiana Small Business Loans

Local Daleville Lenders

To assist you in finding a small business banker, here's our list of small business banks in Daleville.

Other Lending Resources for Daleville Businesses

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

Daleville Bank Loan Tips

Prior to reaching out to lenders to get a bank loan, you will need to have a specific plan.

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 how you intend to to pay the loan back to the lender.

A well-defined business plan is essential. If the money 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 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 secure the business with your personal assets, such as the equity in your home. 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 these banks 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 read up on 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

Gaebler.com is a site that is all about supporting small business owners, and we have a lot of useful articles about to Raising Money. If you want to learn about raising money, one article that might be of interest to you is Microlending as a Small Business Funding Source.