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

Delhi, Louisiana Small Business Loans

 
Loan Census SBA Loan Info

Getting a business loan in Delhi, Louisiana seems challenging at first, but we're here to help you get started.

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

Local Delhi Lending Resources

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

Small Business Bank Recent SBA Loans
Commercial Capital Bank  
Guaranty Bank & Trust - Delhi 2
Guaranty Bank & Trust CO  

Other Lending Resources for Delhi Businesses

This is a list of banks outside of Delhi, Louisiana 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
Bizcapital Bidco Ii, LLC
New Orleans, LA
2
First National Bank
Arcadia, LA
1
Newtek Small Business Finance Inc.
New York, NY
1

Delhi Bank Loan Tips

Before reaching out to lenders to discuss getting a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the money back to the lender.

Having a business plan is an important prerequisite. If the financing is to for a company that is already doing business, 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 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.

Gaebler.com Advice on Raising Money

If you are planning on Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review Attracting Investors.

Business Loan Sources for Other Cities in Louisiana
Get a Business Loan in Cut Off
Get a Business Loan in Denham Springs

Browse All Business Loan Sources for Louisiana