Grant County State Bank
Grant County State Bank is an active SBA lender in Indiana, a bank offering SBA-guaranteed small-business loans. Currently rated 5.0 stars across 4 Google reviews.
About Grant County State Bank
Grant County State Bank offers comprehensive SBA lending services tailored to small and medium-sized businesses seeking financial support for growth, expansion, or operational needs. With a focus on personalized service, the bank provides access to SBA 7(a) loans, which are ideal for a variety of business purposes including working capital, equipment purchase, and real estate acquisition. Their experienced lending team works closely with clients to understand their unique needs and guide them through the application process, ensuring a smooth experience from start to finish. The bank supports businesses across diverse industries, emphasizing community development and economic growth in the region. Whether you're a startup or an established enterprise, Grant County State Bank is committed to helping you secure the funding necessary to succeed. They also offer flexible terms and competitive rates, making SBA loans accessible and affordable for many entrepreneurs. The bank's commitment to local economic development is reflected in their tailored financing solutions designed to meet the needs of small business owners in the area.
Common questions about Grant County State Bank
What is this place and what can I find here?
This is a community-focused bank offering SBA lending services, including 7(a) loans, to support small business growth and development in the region.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins may be accommodated during business hours.
What are the hours of operation?
The bank operates Monday through Friday from 9:00 AM to 5:00 PM, with appointments available outside these hours upon request.
Is there a fee to use this?
There are no fees for visiting the bank; however, loan processing and application fees may apply for financing services.
Who is this open to — anyone, or only residents/members?
This bank primarily serves local residents and small business owners within the region, but eligibility for loans depends on qualification criteria.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of 640 is generally preferred, though higher scores improve approval chances.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of documentation.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and Grant County State Bank typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Grant County State Bank to confirm current weekend availability before you go.
How do I get there and where do I park?
Grant County State Bank is located in Indiana — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for Grant County State Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Grant County State Bank itself, which runs its own lending under its own ownership. If you work at Grant County State Bank, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for Grant County State Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Grant County State Bank before applying. If you represent Grant County State Bank, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach Grant County State Bank by phone at (765) 922-7975 or online at grantcostatebank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Grant County State Bank before relying on them.
What core industries does this commercial bank traditionally choose to finance?
Like most SBA lenders, Grant County State Bank can finance a broad range of small businesses — common categories include professional services, healthcare practices, restaurants and franchises, retail, light manufacturing, and commercial real estate. Each bank sets its own industry preferences and may avoid sectors it considers higher risk. Ask Grant County State Bank directly which industries it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Grant County State Bank participates in SBA Express depends on its specific SBA lending authority. Contact Grant County State Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Grant County State Bank can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Grant County State Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Grant County State Bank directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Grant County State Bank what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Grant County State Bank to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Grant County State Bank to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Grant County State Bank weighs this case by case under its own policy, so be upfront about your history and ask Grant County State Bank how it evaluates prior bankruptcies.
