Loan Census Banking News and Information
June 30, 2022  
 
 
  Business Loan Information  
 

Lewes, Delaware Small Business Loans

 
Loan Census SBA Loan Info

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

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

Local Lewes Business Lenders

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

Small Business Bank Recent SBA Loans
Bank Of Delmarva  
Citizens Bank - Sussex County Offices- Lewes  
Citizens Bank-Lewes  
Delaware National Bank  
Mellon Financial Corporation  
Mercantile Peninsula Bank  
Washington Mutual  

Lenders for Lewes Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Business Loan Center, LLC
Richmond, VA
1
Capital One
Mclean, VA
3
Innovative Bank
Oakland, CA
2
Pnc Bank, National Association
Philadelphia, PA
1
Pnc Bank, National Association
Pittsburgh, PA
8
Rbs Citizens
Providence, RI
23
Superior Financial Group, LLC
Walnut Creek, CA
3
Wilmington Trust Company
Wilmington, DE
2

Lewes Bank Loan Tips

As a prerequisite to meeting with banks 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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the money is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, the bank may ask you to 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 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 do your homework 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

Make the effort and learn as much as you can about Raising Money. To get started, we recommend you read How to Raise Money.

Business Loan Sources for Other Cities in Delaware
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