Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Albany, California Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Albany, California! If that's what's on your mind, you've come to the right place.

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

Local Albany Business Lenders

To assist you in finding a small business banker, here's our list of small business banks in Albany.

Small Business Bank Recent SBA Loans
California Bank & Trust - Branch Offices- Albany  
The Mechanics Bank 1

Banks that Lend to Albany Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
5
Bank Of The West
Truckee, CA
1
California Bank & Trust
Sacramento, CA
5
Capital One
Mclean, VA
1
Citibank
Las Vegas, NV
1
Citibank
San Francisco, CA
3
Comerica Bank
Dallas, TX
1
First National Bank - Northern Calif
San Francisco, CA
1
First Republic Bank
Walnut Creek, CA
2
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
4
Nara Bank
Los Angeles, CA
1
Sterling Savings Bank
Santa Rosa, CA
1
Wells Fargo Bank
San Jose, CA
3
Wilshire State Bank
Los Angeles, CA
1

Albany Business Loan Advice

Prior to meeting with banks 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 plan to pay the loan back to the bank.

A well-defined business plan is is critically important. If the loan 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 secure 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 look at your personal credit report 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 get up to speed 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

If you are serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review How to Raise Money.

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