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

California, Missouri Business Loan

 
Loan Census SBA Loan Info

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

This article is written specifically for entrepreneurs in California, Missouri who are interested in getting a bank loan.

Local California Business Loan Sources

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

Small Business Bank Recent SBA Loans
Central Bank  
Commerce Bank  

Lenders for California Businesses

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

Small Business Bank Recent SBA Loans
Commerce Bank
Kansas City, MO
3
Exch National Bank - Jefferson City
Jefferson City, MO
5
The Central Trust Bank
Jefferson City, MO
4

California Business Loan Advice

Before meeting with banks 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, define how the money will be used, and show how you intend to to pay the loan back to the bank.

A well-defined 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. You will also need to discuss 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 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 these banks 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

Take the time to learn as much as you can about Raising Money. For starters, we recommend you read Investor Turnoffs.

More Business Loan Info for Missouri
Get a Business Loan in Bridgeton
Get a Business Loan in Cameron

Browse All Business Loan Sources for Missouri