Loan Census Banking News and Information
December 6, 2021  
 
 
  Business Loan Information  
 

Business Loan Newark, Delaware

 
Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Newark, Delaware who are interested in getting a small business loan.

Local Newark Business Lenders

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

Small Business Bank Recent SBA Loans
American Residential Mortgage  
American Spirit Federal Credit Union  
Approved Mortgage Capital  
Artisans' Bank - Branch  
Artisans' Bank - New Castle County- Branch Offices  
Artisans' Bank - New Castle County- Polly Drummond- Branch Offices  
Artisans' Bank Glasgow Office  
Associates National Bank  
Bank of New York -Delaware  
Bank of Newark BLDG  
Bny Reit Holding LLC  
Chase Manhattan Bank USA NA  
Chrome Deposit Corporation  
Citizens Bank-Newark  
Citizens Bank-Ogletown Acme  
Delaware Sterling Bank  
Farmers First Financial Inc.  
First Union - Financial Centers- Glasgow OFC  
Mellon Financial Corporation  
PNC Bank - Branch Locations- Newark- Pencader Plaza  
PNC Bank - Branch Locations- Newark- University Plaza  
Sun National Bank  
Wachovia - Financial Centers- Meadowood OFC  
Wachovia - Financial Centers- Wilmington Offices- Glasgow OFC ATM  
Wells Fargo Home Mortgage  
Wilmington Trust Company 1

SBA Lenders for Newark Businesses

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

Small Business Bank Recent SBA Loans
Artisans' Bank
Wilmington, DE
3
Banco Popular North America
New York City, NY
1
Bnb Bank, National Association
Fort Lee, NJ
1
Branch Bank & Trust
Winston Salem, NC
2
Business Loan Center, LLC
New York, NY
1
Capital One
Mclean, VA
9
Cit Small Business Lending Corp
Livingston, NJ
2
Comerica Bank
Dallas, TX
1
Commerce Bank
Devon, PA
2
Commerce Bank
Philadelphia, PA
3
Commerce Bank
Wilmington, DE
2
Enterprise Invest Fund Inc.
Philadelphia, PA
1
First Western Sblc, Inc
Dallas, TX
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
7
National Penn Bank
Boyertown, PA
2
Pnc Bank, National Association
Elkton, MD
2
Pnc Bank, National Association
Philadelphia, PA
9
Pnc Bank, National Association
Pittsburgh, PA
45
Preferred Capital Bidco, Inc.
Wilmington, DE
6
Rbs Citizens
Providence, RI
82
Sun National Bank
Vineland, NJ
1
Wachovia Bank
Charlotte, NC
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Wells Fargo Bank
Minneapolis, MN
1
Wilmington Savings Fund Societ
Wilmington, DE
11
Wilmington Trust Company
Wilmington, DE
17
Wilmington Trust Corporation
Wilmington, DE
1
Wsfs Financial Corp.
Wilmington, DE
1

Tips for Getting a Business Loan in Newark

Prior to meeting with lenders for a loan, you will need to develop the specifics of your loan request.

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 how you plan to pay the loan back to the lender.

Having a business plan is is critically important. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. In addition, you should itemize 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 pledge your personal assets, such as your individual retirement account or pension plan. 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. Prior to visiting local banks, 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

Take the time to learn as much as you can about Raising Money. To get started, we recommend you read Only Idiots Send Venture Capitalists Business Plans.

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