Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Bethel Island, California Small Business Loans

 
Loan Census SBA Loan Info

Looking for a Bethel Island, 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.

If you are planning on applying for a small business loan and your business is based in Bethel Island, California, we've assembled a list of local small business banks that you should contact.

Other Lending Resources for Bethel Island Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Bank Of The West
Truckee, CA
1
Capital One
Mclean, VA
1
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
1

Bethel Island Bank Loan Tips

Prior to meeting with 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 intend to to pay the loan back to the bank.

A well-defined business plan is essential. If the financing is to for a company that is already doing 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 cash flow from the business does not meet your projections.

If the business has few assets, the bank may ask you to 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 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

Gaebler.com is a site that is passionate about aiding small business owners, and we have a lot of information pertaining to to Raising Money. For example, we would suggest you read Realistic Debt Financing Options.

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