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

Small Business Lenders in Sweetser, Indiana

 
Loan Census SBA Loan Info

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

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

Banks that Lend to Sweetser Businesses

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

Small Business Bank Recent SBA Loans
Star Financial Bank
Fort Wayne, IN
1

Business Loan Advice for Sweetser Businesses

As a prerequisite to meeting with lenders to get 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Being able to present a well-written business plan is essential. If the bank loan is to for an existing 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 pledge 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 are SBA lenders. Prior to visiting local banks, 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

Invest the time to learn as much as you can about Raising Money. To get started, we suggest you read Getting a Small Business Loan.

Business Loan Sources for Other Cities in Indiana
Get a Business Loan in South Bend
Get a Business Loan in Tell City

Browse All Business Loan Sources for Indiana