Loan Census Banking News and Information
February 20, 2024  
  Business Loan Information  

Business Loan Arroyo Grande, California

Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Arroyo Grande, California who are interested in getting a small business loan.

Local Arroyo Grande Lending Resources

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

Small Business Bank Recent SBA Loans
Atascadero Federal Credit Union  
Bank Of America  
Rabobank, National Association 377
Santa Lucia Bank 5

SBA Lenders for Arroyo Grande Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Branch Bank & Trust
Winston Salem, NC
Capital One
Mclean, VA
Coast National Bank
San Luis Obispo, CA
Comerica Bank
Dallas, TX
Community W. Bank
Goleta, CA
First Bank - San Luis Obispo A D
San Luis Obispo, CA
Heritage Oaks Bank
Paso Robles, CA
Mission Community Bank
San Luis Obispo, CA
Nara Bank
Los Angeles, CA
Rabobank, National Association
Santa Maria, CA
Wachovia SBA Lending, Inc.
Roseville, CA
Washington Mutual Bank
Henderson, NV
Wells Fargo Bank
San Jose, CA

Tips for Getting a Business Loan in Arroyo Grande

As a prerequisite to 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 plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the money is to for an existing 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 you cannot repay the loan.

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 meeting with the banker, 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. Advice on Raising Money

Invest the time to learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Attracting Investors.

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