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

Small Business Lenders in Mooresville, Indiana

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Mooresville, Indiana, we've assembled a list of local small business banks that you should contact.

Local Mooresville Banks

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

Small Business Bank Recent SBA Loans
Citizens Bank 11
Fifth Third Bank  
First Indiana Bank - Banking Center Locations- Neighborhood Banking Centers- South- Mooresv  
First Indiana Bank - Neighborhood Banking Centers- South- Mooresville- Banking Ce  
First National Bank & Trust - Mooresville Financial Center  
Harris National Association 1
Home Bank  
Lincoln Bank  

SBA Lenders for Mooresville Businesses

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

Small Business Bank Recent SBA Loans
Busey Bank
Champaign, IL
2
Capital One
Mclean, VA
1
Citizens Bank
Lansing, MI
1
Comerica Bank
Dallas, TX
1
Fifth Third Bank
Grand Rapids, MI
2
Fifth Third Bank
Indianapolis, IN
1
Harris National Association
Indianapolis, IN
1
Harris National Association
Kokomo, IN
1
Home Bank
Martinsville, IN
6
Indiana Business Bank
Indianapolis, IN
2
Jpmorgan Chase Bank
Houston, TX
5
Keybank National Association
Cleveland, OH
1
Lincoln Bank
Plainfield, IN
1
M&i Marshall & Ilsley Bank
Indianapolis, IN
1
Monroe Bank
Bloomington, IN
1
National City Bank
Cleveland, OH
1
National City Bank
Indianapolis, IN
8
North Salem State Bank
North Salem, IN
1
Old National Bank
Indianapolis, IN
1
Rbs Citizens
Providence, RI
1
Regions Bank
Memphis, TN
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Symphony Bank
Indianapolis, IN
1
The Huntington National Bank
Indianapolis, IN
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Minneapolis, MN
2
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Mooresville Businesses

As a prerequisite to 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, describe what the money will finance, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 cash flow from the business does not meet your projections.

If the business has few assets, you will likely be asked 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 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 get up to speed 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

Make the effort and learn as much as you can about Raising Money. For starters, we recommend you read Business Credit Evaluation.

Business Loan Sources for Other Cities in Indiana
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