Loan Census Banking News and Information
December 12, 2019  
  Business Loan Information  

Delta, Ohio Business Loan

Loan Census SBA Loan Info

Looking for a Delta, Ohio small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

This article is written specifically for small business owners in Delta, Ohio who are interested in getting a small business loan.

Local Delta Lending Resources

To help you learn more about local small business lenders, here's our list of small business banks in Delta.

Small Business Bank Recent SBA Loans
Farmers & Merchants State Bank  
First Federal Savings & Loan Association of Delta  
First Federal Savings and Loan Association of Dlta  

Other Lending Resources for Delta Businesses

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

Small Business Bank Recent SBA Loans
Jpmorgan Chase Bank
Houston, TX
National City Bank
Cleveland, OH
St. Bank & Trust
Defiance, OH

Delta Business Loan Advice

As a prerequisite to meeting with banks to discuss getting 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, walk the banker through the planned use of proceeds, 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 capital is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 you cannot repay the loan.

If the business has few assets, the bank may ask you to to to guarantee the loan with 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 these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to read up on 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. Advice on Raising Money is a site that is all about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we recommend you read 504 Loans.

Business Loan Sources for Other Cities in Ohio
Get a Business Loan in Delphos
Get a Business Loan in Dover

Browse All Business Loan Sources for Ohio