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April 21, 2021  
 
 
  Business Loan Information  
 

Business Loan Bradley, California

 
Loan Census SBA Loan Info

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

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

Business Loan Providers for Bradley Businesses

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

Small Business Bank Recent SBA Loans
Coast National Bank
San Luis Obispo, CA
1
Community Bank - Cent. Californi
Salinas, CA
1
Rabobank, National Association
Arroyo Grande, CA
1
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Bradley

As a prerequisite to meeting with banks for a loan, you will need to develop the specifics of your loan request.

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 how you plan to pay the loan back to the bank.

Having a business plan is essential. If the bank loan 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 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 pledge your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. 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.

Gaebler.com Advice on Raising Money

Our Gaebler.com site is all about helping entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is 504 Loans.

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