Loan Census Banking News and Information
December 1, 2020  
 
 
  Business Loan Information  
 

Santa Barbara, California Small Business Loans

 
Loan Census SBA Loan Info

Small business loans in Santa Barbara, California are available. You just need to talk to the right bank.

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

Local Santa Barbara Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  
Bank of the West  
Business First National Bank  
Montecito Bank & Trust 135
Pacific Cap. Bank 656

Business Loan Providers for Santa Barbara Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Bank Of America
Charlotte, NC
31
Borrego Springs Bank
Borrego Springs, CA
1
Business Lenders, LLC
Hartford, CT
1
California Oaks State Bank
Thousand Oaks, CA
2
Capital One
Mclean, VA
13
Capital One Bank (usa)
Glen Allen, VA
1
Cit Small Business Lending Corp
Livingston, NJ
4
Citibank
Las Vegas, NV
2
Coast National Bank
San Luis Obispo, CA
2
Comerica Bank
Dallas, TX
2
Commonwealth Business Bank
Los Angeles, CA
2
Community W. Bank
Goleta, CA
14
First Bank
Huntington Beach, CA
1
Hanmi Bank
Los Angeles, CA
6
Innovative Bank
Oakland, CA
3
Merrill Lynch Bank Usa
Salt Lake City, UT
2
Mission Community Bank
San Luis Obispo, CA
1
Nara Bank
Los Angeles, CA
2
Pacific City Bank
Los Angeles, CA
1
Premier America Cu
Chatsworth, CA
1
Rabobank, National Association
Arroyo Grande, CA
17
Saehan Bank
Los Angeles, CA
2
South Valley National Bank A Divis
Gilroy, CA
7
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
4
Wells Fargo Bank
San Jose, CA
13
Wells Fargo Bank
Sioux Falls, SD
4
Wilshire State Bank
Los Angeles, CA
1

Santa Barbara Bank Loan Tips

As a prerequisite to contacting lenders to discuss getting a bank 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, describe what the money will finance, and show how you intend to to pay the loan back to the lender.

Having a business plan is essential. If the loan is to for a going concern, you should also have financial statements covering the last three years. Bankers will also want to know 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. 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

Gaebler.com is a site that is passionate about assisting entrepreneurs, and we have a lot of resources related to to Raising Money. For example, we would suggest you read 504 Loans.

More Business Loan Info for California
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