Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Greens Fork, Indiana Small Business Loans

 
Loan Census SBA Loan Info

I need a loan for my business in Greens Fork, Indiana! If that's what's on your mind, you've come to the right place.

If you are hoping to get a small business loan and your business is based in Greens Fork, Indiana, we've assembled a list of local small business banks that you should contact.

SBA Lenders for Greens Fork Businesses

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

Small Business Bank Recent SBA Loans
Old National Bank
Evansville, IN
1

Greens Fork Bank Loan Tips

Prior to contacting lenders for a 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, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the lender.

A well-defined business plan is an important prerequisite. If the bank loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, you will likely be asked to secure the business with 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 these banks 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

Our Gaebler.com site is all about assisting entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is 504 Loans.

Business Loan Sources for Other Cities in Indiana
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