Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Delhi, California

 
Loan Census SBA Loan Info

Small business loans in Delhi, California are available. You just need to talk to the right bank.

If you are looking for a small business loan and your business is based in Delhi, California, we've assembled a list of local small business banks that you should contact.

Business Loan Providers for Delhi Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Comerica Bank
Dallas, TX
1
County Bank
Merced, CA
2
Heritage Bank Of Commerce
San Jose, CA
3
Innovative Bank
Oakland, CA
1
Wells Fargo Bank
San Jose, CA
1

Business Loan Advice for Delhi Businesses

Before 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.

Having a business plan is an important prerequisite. If the loan 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 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 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 the banks in our list participate in the financial assistance programs available through the SBA. Before meeting with the 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.

Gaebler.com Advice on Raising Money

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Angel Investors.

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