Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Crawfordsville, Indiana Business Loan

 
Loan Census SBA Loan Info

Getting a business loan in Crawfordsville, Indiana seems challenging at first, but we're here to help you get started.

This article is written specifically for small business owners in Crawfordsville, Indiana who are interested in getting debt financing.

Local Crawfordsville Banks

Without further adieu, here's our list of small business banks in Crawfordsville.

Small Business Bank Recent SBA Loans
Bank One - Banking Centers- Crawfordsville  
Bank One Indiana NA - Banking Centers- Crawfordsville  
Community Trust & Investment  
Farmers State Bank 4
Lincoln Bank 2
Linden State Bank Crawfordsville Banking Center  
National City - Crawfordsville  
Tri-county Bank & Trust 1

Other Lending Resources for Crawfordsville Businesses

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

Small Business Bank Recent SBA Loans
Farmers Bank Frankfort Indian
Frankfort, IN
1
Bank - Indiana
Dana, IN
1
Capital One
Mclean, VA
1
Community So. Bank D.b.a Commun
Parsons, TN
1
Farmers State Bank
New Ross, IN
4
Fifth Third Bank
Indianapolis, IN
1
First Chatham Bank
Savannah, GA
1
First Colorado National Bank
Delta, CO
1
First National Bank - Colorado
Boulder, CO
1
Indiana Business Bank
Indianapolis, IN
1
Innovative Bank
Oakland, CA
1
Jpmorgan Chase Bank
Houston, TX
12
Lincoln Bank
Plainfield, IN
1
National City Bank
Cleveland, OH
5
National City Bank
Indianapolis, IN
12
North Salem State Bank
North Salem, IN
1
Rbs Citizens
Providence, RI
1
Stearns Bank
Saint Cloud, MN
1
The Huntington National Bank
Indianapolis, IN
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Crawfordsville Business Loan Advice

Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 bank loan is to for a going concern, 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, the bank may ask you to to to guarantee the loan with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 meeting with the 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Indiana
Get a Business Loan in Connersville
Get a Business Loan in Crown Point

Browse All Business Loan Sources for Indiana