Small Business Lenders in Gas City, Indiana

Local Gas City Lenders

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

SBA Lenders for Gas City Businesses

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

Business Loan Advice for Gas City Businesses

Before meeting with banks to discuss getting a bank loan, you will need to develop the specifics of your loan request.

You need to be able to clearly explain your business, explain how much you want to borrow, describe what the money will finance, and show how you intend to to pay the loan back to the bank.

Having a business plan is is critically important. If the capital 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge your personal assets, such as your individual retirement account or pension plan. The banks will look at your personal credit report 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 are SBA lenders. Prior to visiting local banks, 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.

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Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Investor Turnoffs.