Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Barstow, California Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for entrepreneurs in Barstow, California who are interested in getting debt financing.

Local Barstow Lending Resources

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

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Barstow Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
2
Beach Business Bank
Manhattan Beach, CA
1
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
1
Comerica Bank
Dallas, TX
3
East West Bank, A Division Of
Victorville, CA
10
Hanmi Bank
Los Angeles, CA
8
Inland Commun Bank
Rialto, CA
1
Innovative Bank
Oakland, CA
1
Mission Oaks National Bank
Temecula, CA
1
Nara Bank
Los Angeles, CA
1
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific City Bank
Los Angeles, CA
1
Pacific Western Bank
Escondido, CA
4
Union Bank Of California
San Francisco, CA
2
United Central Bank
Garland, TX
1
Uniti Bank
Buena Park, CA
1
Washington Mutual Bank
Henderson, NV
1
Wilshire State Bank
Los Angeles, CA
4

Barstow Business Loan Advice

Prior to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, 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 company that is already doing business, 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 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 stocks and bonds that you might own or life insurance policies. 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review 504 Loans.

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