Loan Census Banking News and Information
November 30, 2023  
  Business Loan Information  

Buttonwillow, California Small Business Loans

Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Buttonwillow, California, we've assembled a list of local small business banks that you should contact.

Lenders for Buttonwillow Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
Borrego Springs Bank
Borrego Springs, CA
Bridge Bank
San Jose, CA
Coast Comm. Bank A Division -
Santa Cruz, CA
Comerica Bank
Dallas, TX
Pacific Western Bank
Escondido, CA

Buttonwillow Bank Loan Tips

Before contacting banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show how you plan to pay the loan 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. 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 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 these banks 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 serious about Raising Money, you need to get up to speed on the subject. If you haven't read it already, we recommend you review How Much Venture Capital Is There?.

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