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

Plainfield, Indiana Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Plainfield, Indiana? If so, you'll want to talk to some of these small business lenders in Plainfield.

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

Local Plainfield Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Plainfield.

Small Business Bank Recent SBA Loans
Ameriana Bank and Trust - West  
Bank One - Neighborhood Banking Centers- Hendricks County- Stafford Po  
Charter One Bank  
Citizens Bank - Plainfield Branch  
Fifth Third Bank - Banking Centers- Plainfield  
First National Bank 1
Hendricks County Bank & Trust Cmpany  
Hendricks County Bank & Trust Company - Plainfield Branch  
Lincoln Bank 13
Lincoln Federal Savings Bank  
Monroe Bank  

Banks that Lend to Plainfield Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
2
Citizens Bank
Mooresville, IN
2
Fifth Third Bank
Grand Rapids, MI
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hendricks Cnty Bank & Trust
Brownsburg, IN
1
Innovative Bank
Oakland, CA
1
Irwin Union Bank & Trust
Avon, IN
1
Irwin Union Bank & Trust
Traverse City, MI
1
Jpmorgan Chase Bank
Houston, TX
7
Key Direct, A Branch Of
Brooklyn, OH
1
Keybank National Association
Cleveland, OH
4
National City Bank
Cleveland, OH
5
National City Bank
Indianapolis, IN
13
Rbs Citizens
Providence, RI
1
Stearns Bank
Saint Cloud, MN
2
The Huntington National Bank
Columbus, OH
4
The Huntington National Bank
Indianapolis, IN
1
Wells Fargo Bank
Minneapolis, MN
1
Wells Fargo Bank
San Jose, CA
2

Plainfield Bank Loan Tips

As a prerequisite to meeting with banks to discuss getting a bank 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, walk the banker through the planned use of proceeds, and show how you plan to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, 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 Business Credit Evaluation.

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