Loan Census Banking News and Information
December 4, 2023  
  Business Loan Information  

Big Bear Lake, California Business Loan

Loan Census SBA Loan Info

Getting a business loan in Big Bear Lake, California seems challenging at first, but we're here to help you get started.

These materials were prepared for entrepreneurs in Big Bear Lake, California who are interested in getting a bank loan.

SBA Lenders for Big Bear Lake Businesses

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

Small Business Bank Recent SBA Loans
American Security Bank
Santa Ana, CA
Banco Popular North America
New York City, NY
Bank Of America
Charlotte, NC
Borrego Springs Bank
Borrego Springs, CA
California Bank & Trust
San Diego, CA
San Francisco, CA
Comerica Bank
Dallas, TX
Far East National Bank
Los Angeles, CA
Ge Cap. Small Business Finan Corp
St. Louis, MO
Heritage Bank Of Commerce
San Jose, CA
Innovative Bank
Oakland, CA
Pacific Western Bank
Escondido, CA
Telesis Community Cu
Chatsworth, CA
The Huntington National Bank
Indianapolis, IN
United Commercial Bank
San Francisco, CA
Valley Community Bank
Pleasanton, CA
Wells Fargo Bank
Sioux Falls, SD
Zions First National Bank
West Valley City, UT

Big Bear Lake Business Loan Advice

Prior to reaching out to lenders to get a bank loan, you will need to have a specific plan.

You need to be able to clearly introduce your business to the banker, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the money back to the lender.

A well-defined business plan is is critically important. If the financing 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 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 these banks are SBA lenders. 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. Advice on Raising Money

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review SBIR Funding.

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