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

Business Loan Bear Valley, California

 
Loan Census SBA Loan Info

Looking for a Bear Valley, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for small business proprietors in Bear Valley, California who are interested in getting debt financing.

Banks that Lend to Bear Valley Businesses

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

Small Business Bank Recent SBA Loans
Coast Comm. Bank A Division -
Santa Cruz, CA
1

Tips for Getting a Business Loan in Bear Valley

As a prerequisite to reaching out to lenders for a loan, you will need to have a specific plan.

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 your ability to pay the loan back to the lender.

Having a business plan is essential. If the capital 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 are SBA lenders. Prior to visiting local banks, 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.

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