Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Small Business Lenders in Claymont, Delaware

 
Loan Census SBA Loan Info

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

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

Local Claymont Banks

Without further adieu, here's our list of small business banks in Claymont.

Small Business Bank Recent SBA Loans
Delaware Savings Bank FSB  
Wsfs  

SBA Lenders for Claymont Businesses

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

Small Business Bank Recent SBA Loans
Citizens Bank Of Pennsylvania
Philadelphia, PA
1
Commerce Bank
Devon, PA
1
Commerce Bank
Philadelphia, PA
1
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
3
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
5
Rbs Citizens
Providence, RI
8
Sun National Bank
Vineland, NJ
1
Susquehanna Bank Dv
Bryn Mawr, PA
1
Wilmington Savings Fund Societ
Wilmington, DE
2
Wilmington Trust Company
Wilmington, DE
3

Business Loan Advice for Claymont Businesses

As a prerequisite to meeting with banks to get 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, define how the money will be used, and show your ability to pay the loan back to the bank.

A well-defined business plan is essential. If the capital is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business with your personal assets, such as the equity in your home. The banks will look at your personal credit report 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 the banks in our list are SBA lenders. Before meeting with the banker, 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. For starters, we suggest you read Business Credit Evaluation.

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