Explore Small Business Services & Products
We’re more than just a community bank. Consider us your business partners — we help entrepreneurs lay the groundwork and achieve their goals through personalized products and world-class services.
Loans & Lines of Credit
Fulfill your capital needs with our robust suite of products and services.
Support every customer’s preferred payment method.
As a small business, you have options. Learn more about SBA loan offers.
New Business Owner Tools & Resources
We want your business to grow and succeed at every stage, so we’ve outlined a few things to help you begin your journey for an even better tomorrow.
How to Get Approved for a Small Business Loan
Step #1: Ensure you have a sound business plan. It’s important to have a formalized strategy, viable market, projections, and so on when you start applying for a loan.
Step #2: Estimate how much capital you need (and can afford). Look beyond initial purchases — consider future needs and ongoing costs. Not sure what loan is right for you? Speak with a Centier small business banker for personalized guidance.
Step #3: Consult an expert. While new owners often wear many hats, it’s wise to seek outside counsel when organizing your business finances and applying for a loan.
Step #4: Gauge where you stand. Talk to a Centier small business banker to help determine what you need to get started. While there may be different loan qualification requirements, you can expect financial institutions to review the following:
- Your personal and business credit scores
- Cash flow and income
- Age of business
- Current debts and liabilities
Step #5: Apply for a business loan. Ready to get started with Centier?
Helpful Resources for New Business Owners In Indiana10 Steps to Start Your Business
- Understand what goes into starting a business.
- Learn how to conduct market research, write a business plan, choose your structure, and more. Visit SBA.gov
- Learn accounting best practices for small businesses.
- Walk through accounting basics, like financial reporting and tax responsibilities, to help make critical decisions for a new business. Visit Business.org
- Determine your capital needs as well as what sources of financing can help meet them.
- Learn about the key factors to consider when evaluating potential investors and lenders. Visit FDIC.gov
Starting A Business FAQs
Even if you aren’t immediately applying for financing, it’s wise to create and follow a plan. Think of your business plan as a roadmap for your company — it requires you to think through initial challenges while simultaneously directing you toward specific milestones and goals.
An Employer Identification Number is a unique nine-digit number administered by the Internal Revenue Service that’s used to identify a business entity1. In many cases, businesses need to have EINs, however, there are situations in which it’s not necessarily required. For instance, if you operate as a sole proprietor, an EIN may be optional2
Business owners should open separate bank accounts for their businesses. For starters, it helps establish your business as a legitimate operation in the eyes of the IRS — versus a hobby. Moreover, distinguishing between your personal and company transactions can prevent unnecessary headaches during tax season1
Manage Your Business
Discover ways to optimize your operations with the latest financial solutions.
Online & Mobile Banking Solutions
Find convenient digital products and services to streamline your finances.
Start setting funds aside with our Small Business Savings Account.
Manage cash flow efficiently with our MyBiz and MyBiz Plus Checking options.