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March 28, 2024  
 
 
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Business Loan Bicknell, Indiana

 
Loan Census SBA Loan Info

Looking for a Bicknell, 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.

We wrote this article for entrepreneurs in Bicknell, Indiana who are interested in getting debt financing.

Banks that Lend to Bicknell Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
Richmond, VA
1
Fifth Third Bank
Evansville, IN
1
Stearns Bank
Saint Cloud, MN
1

Tips for Getting a Business Loan in Bicknell

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.

A well-defined business plan is an important prerequisite. If the financing is to for an existing 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 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 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

Our Gaebler.com site is passionate about providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. For example, one article that might be of interest to you is Business Incubators.

Business Loan Sources for Other Cities in Indiana
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