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

Small Business Lenders in Rising Sun, Indiana

 
Loan Census SBA Loan Info

Small business loans in Rising Sun, Indiana are available. You just need to talk to the right bank.

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

Local Rising Sun Lenders

To assist you in finding a small business banker, here's our list of small business banks in Rising Sun.

Small Business Bank Recent SBA Loans
Friendship State Bank - Rising Sun Branch  
Madison Bank & Trust - Rising Sun  

Banks that Lend to Rising Sun Businesses

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

Small Business Bank Recent SBA Loans
The Friendship State Bank
Friendship, IN
1
The Huntington National Bank
Columbus, OH
1
U.S. Bank National Association
Cincinnati, OH
1

Business Loan Advice for Rising Sun Businesses

As a prerequisite to reaching out to banks to get a bank loan, you will need to have a specific plan.

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 your ability 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. Bankers will also want to know 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 pledge your personal assets, such as the equity in your home. 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 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 devoted to providing advice to entrepreneurs, and we have a lot of resources related to to Raising Money. To learn more, we would suggest you read Bank Credit Lines.

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