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

Business Loan Berkeley, California

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Berkeley, California who are interested in getting a small business loan.

Local Berkeley Business Loan Sources

Without further adieu, here's our list of small business banks in Berkeley.

Small Business Bank Recent SBA Loans
Agency for Development & Commerce  
Bank Of America  
Bank of the West - Branch Locations- Berkeley  

Other Lending Resources for Berkeley Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
3
Bank - America California
Rancho Cordova, CA
1
Bank Of America
Charlotte, NC
49
Borrego Springs Bank
Borrego Springs, CA
2
Business Loan Center, LLC
New York, NY
1
Business Loan Center, LLC
Panama City Beach, FL
1
California Bank & Trust
Sacramento, CA
19
California Bank & Trust
San Diego, CA
2
Capital One
Mclean, VA
7
Center Bank
Los Angeles, CA
2
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
Las Vegas, NV
5
Citibank
Miami, FL
2
Citibank
San Francisco, CA
12
Comerica Bank
Dallas, TX
9
Community W. Bank
Goleta, CA
1
Farmers & Merchants Bank - Cent.
Lodi, CA
1
First Bank
Creve Coeur, MO
1
First Bank
Newport Beach, CA
1
First National Bank - Northern Calif
San Francisco, CA
1
First Republic Bank
Las Vegas, NV
2
First Republic Bank
Walnut Creek, CA
3
Focus Business Bank
San Jose, CA
1
Gateway Business Bank
Cerritos, CA
1
Greater Bay Bank
Palo Alto, CA
3
Hanmi Bank
Los Angeles, CA
1
Heritage Bank Of Commerce
San Jose, CA
3
Innovative Bank
Oakland, CA
37
Loans From Old Closed Lenders
Washington, DC
1
Mirae Bank
Los Angeles, CA
1
Mission National Bank
San Francisco, CA
2
Nara Bank
Los Angeles, CA
2
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific Western Bank
Escondido, CA
1
Sterling Savings Bank
Santa Rosa, CA
2
Sterling Savings Bank
Spokane, WA
1
The Mechanics Bank
Richmond, CA
6
U.S. Bank National Association
Cincinnati, OH
13
United American Bank
San Mateo, CA
1
United Commercial Bank
San Francisco, CA
1
United Security Bank
Fresno, CA
1
Valley Community Bank
Pleasanton, CA
4
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
Lodi, CA
1
Wells Fargo Bank
San Jose, CA
27
Wells Fargo Bank
Sioux Falls, SD
7
Wells Fargo Hsbc Trade Bank N
San Francisco, CA
1
Wilshire State Bank
Los Angeles, CA
1

Tips for Getting a Business Loan in Berkeley

Before contacting banks for a 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, 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 financing is to for an existing business, you should also have financial statements covering the last three years. You will also need to discuss 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 to guarantee the loan 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 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.

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 Business Line of Credit.

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