Loan Census Banking News and Information
December 7, 2023  
  Business Loan Information  

Business Loan Bishop, California

Loan Census SBA Loan Info

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

This article is written specifically for small business proprietors in Bishop, California who are interested in getting a small business loan.

Local Bishop Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  

SBA Lenders for Bishop Businesses

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

Small Business Bank Recent SBA Loans
Albina Community Bank
Portland, OR
Bank Of America
Charlotte, NC
Borrego Springs Bank
Borrego Springs, CA
California Bank & Trust
Sacramento, CA
Capital One
Mclean, VA
Cit Small Business Lending Corp
Livingston, NJ
Comerica Bank
Dallas, TX
Comerica Bank
El Segundo, CA
Community W. Bank
Goleta, CA
Heritage Bank Of Commerce
San Jose, CA
Mojave Desert Bank
Mojave, CA
Santa Clara Valley Bank National A
Santa Paula, CA
Union Bank Of California
San Francisco, CA
Wells Fargo Bank
San Jose, CA

Tips for Getting a Business Loan in Bishop

Before reaching out to banks for a 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, describe what the money will finance, and show how you intend to to pay the money back to the bank.

Having a business plan is is critically important. If the bank 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 guarantee 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 secure the business with your personal assets, such as the equity in your home. 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. Prior to visiting local banks, 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. 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 Business Credit Evaluation.

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