Loan Census Banking News and Information
November 14, 2024  
 
 
  Business Loan Information  
 

Sellersburg, Indiana Business Loan

 
Loan Census SBA Loan Info

Looking for a Sellersburg, Indiana small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

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  
Community Bank - Banking Centers  
Fifth Third Bank  
First Savings Bank  

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.

Small Business Bank Recent SBA Loans
Branch Bank & Trust
Winston Salem, NC
1
Capital One
Mclean, VA
2
Jpmorgan Chase Bank
Houston, TX
2
National City Bank
Indianapolis, IN
1
Peoples Bank
Mount Washington, KY
1
Pnc Bank, National Association
Pittsburgh, PA
1
U.S. Bank National Association
Cincinnati, OH
1
Your Community Bank
New Albany, IN
1

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.

Business Loan Sources for Other Cities in Indiana
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