This article is written specifically for small business owners in Sellersburg, Indiana who are interested in getting a bank loan.
Local Sellersburg Business Lenders
Without further adieu, here's our list of small business banks in Sellersburg.
Small Business Bank |
Recent SBA Loans |
Bank One - Banking Centers- Sellersburg |
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Community Bank - Banking Centers |
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Fifth Third Bank |
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First Savings Bank |
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Other Lending Resources for Sellersburg Businesses
This is a list of banks outside of Sellersburg, Indiana that have provided SBA loans to Sellersburg businesses. Some of these may be national banks with local branch locations.
Sellersburg Business Loan Advice
As a prerequisite to reaching out to banks 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.
Being able to present a well-written business plan is is critically important. 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 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, the bank may ask you to to to guarantee the loan 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the banker, you may want to do your homework 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
If you are serious about Raising
Money, you need to educate yourself. If you haven't read it
already, we recommend you review
Angel Investors.
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