Small loans for Delaware small businesses

There is a good article today on delawareonline.com that reveals how Del.’s small businesses are getting more money from lenders:

Make the leap — with a little help

Here’s a great list of resources from that article:

TO GET YOUR LOAN
According to the Small Business Administration, a loan proposal from a small business should include the following information:

� Purpose of the loan. Specifically what the loan will be used for and why it is needed.
� Amount required. The exact amount you need to achieve your purpose.
� History and nature of the business. Details of what kind of business it is, its age, number of employees and current business assets.
� Clear definition of your company products and your markets.
� Short statement on each principal in your business. Provide background, education, experience, skills and accomplishments.

The Delaware Small Business Development Center (831-1555) and SCORE Delaware provide free help to small businesses in preparing loan applications.

WHERE TO GO
For more information about small business loans in Delaware, contact the following agencies:

FIRST STATE COMMUNITY LOAN FUND: 652-6774
SCORE DELAWARE: 573-6552 in New Castle, 678-1555 in Kent County and 573-6052 in Sussex County
U.S. SMALL BUSINESS ADMINISTRATION: Delaware District Office, 573-6294

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