Loan Census Banking News and Information
April 23, 2021  
 
 
  Business Loan Information  
 

Cabazon, California Business Loan

 
Loan Census SBA Loan Info

I need a loan for my business in Cabazon, California! If that's what's on your mind, you've come to the right place.

This article is written specifically for small business owners in Cabazon, California who are interested in getting debt financing.

Business Loan Providers for Cabazon Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
1
Lehman Brothers Bank, FSB
Wilmington, DE
1
Pacific Cap. Bank
Santa Barbara, CA
1
Pacific Western Bank
Escondido, CA
1
Security Pacific Bank
Los Angeles, CA
1

Cabazon Business Loan Advice

Before meeting with 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 plan to pay the money back to the bank.

Being able to present a well-written 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. 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 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 these banks 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 deeply committed to helping small business owners, and we have a lot of useful articles about to Raising Money. If raising money is on your to-do list, we recommend you read Business Line of Credit.

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