The Riddell National Bank

This is a local bank that offers SBA loan programs and small business financing solutions to entrepreneurs and business owners in the region. You can find assistance with loan applications, financial advice, and support for business growth initiatives.

It's recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-ins are also welcome during business hours. Calling ahead can help streamline your visit.

The Riddell National Bank's lobby hours are typically 9:00 AM to 4:00 PM Monday through Thursday and 9:00 AM to 5:00 PM Friday, with drive-up hours extending to 5:00-6:00 PM. Confirm with your specific branch location.

There are no fees for visiting the bank; however, loan applications and services may involve certain charges or interest rates depending on the financing options selected.

The bank primarily serves local residents and small business owners in Indiana, but SBA loan programs are available to eligible businesses nationwide, provided they meet the criteria.

Typically, a minimum personal credit score of 620 is preferred, though stronger credit histories improve the chances of approval.

The underwriting process usually takes between 30 to 60 days, depending on the complexity of the loan and completeness of the application.

The Riddell National Bank is closed Sundays at all locations, but select branches including the main Brazil Downtown office are open Saturdays 9:00 AM to 12:00 PM (lobby) and 8:00 AM to 12:00 PM (drive-up). Confirm hours for your specific branch.

The Riddell National 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.

This page is an independent directory listing for The Riddell National Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Riddell National Bank itself, which runs its own lending under its own ownership. If you work at The Riddell National Bank, you can claim this listing from this page to manage it.

The core details for The Riddell National 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 The Riddell National Bank before applying. If you represent The Riddell National Bank, claim this listing to keep its information up to date.

You can reach The Riddell National Bank at (812) 448-2611 or through their contact form at riddellonline.com/contact-us. For SBA loans, request their business lending department.

Based on its approved SBA loans, The Riddell National Bank most often finances businesses in restaurants & food service, construction & contractors, medical practices & clinics, automotive repair & services, and manufacturing. This reflects The Riddell National Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with The Riddell National Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether The Riddell National Bank participates in SBA Express depends on its specific SBA lending authority. Contact The Riddell National Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

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. The Riddell National Bank can confirm its current PLP standing — ask before you apply if speed matters to you.

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. The Riddell National Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Riddell National Bank directly whether it considers start-up loans.

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 The Riddell National Bank what down payment it expects for your specific commercial real estate purchase.

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 The Riddell National Bank to spell out any prepayment penalties before you sign.

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 The Riddell National Bank to confirm it qualifies and how to document it.

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. The Riddell National Bank weighs this case by case under its own policy, so be upfront about your history and ask The Riddell National Bank how it evaluates prior bankruptcies.