Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Cathedral City, California Small Business Loans

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Cathedral City, California, we've assembled a list of local small business banks that you should contact.

Local Cathedral City Lending Resources

Without further adieu, here's our list of small business banks in Cathedral City.

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Cathedral City Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
11
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
2
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
3
Citibank
Las Vegas, NV
1
Community Bank
Pasadena, CA
3
Community W. Bank
Goleta, CA
1
First Bank
Chula Vista, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
3
Innovative Bank
Oakland, CA
3
Pacific Western Bank
Escondido, CA
2
Pacific Western Bank
San Diego, CA
1
Rabobank, National Association
El Centro, CA
2
U.S. Bank National Association
Cincinnati, OH
1
Union Bank Of California
San Francisco, CA
1
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
1
Wells Fargo Bank
San Jose, CA
5
Wells Fargo Bank
Sioux Falls, SD
1
Zions First National Bank
West Valley City, UT
2

Cathedral City Bank Loan Tips

Before reaching out to banks for a loan, you will need to determine exactly what size loan you will be asking for.

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 your ability to pay the money back to the bank.

Having a business plan is is critically important. If the capital is to for a company that is already doing 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 secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 you sit down to talk with a small business banker, 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.

Gaebler.com Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Angel Investors.

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