Loan Census Banking News and Information
April 20, 2021  
 
 
  Business Loan Information  
 

Cerritos, California Business Loan

 
Loan Census SBA Loan Info

Small business loans in Cerritos, California are available. You just need to talk to the right bank.

We wrote this article for small business proprietors in Cerritos, California who are interested in getting debt financing.

Local Cerritos Banks

To assist you in finding a small business banker, here's our list of small business banks in Cerritos.

Small Business Bank Recent SBA Loans
1st Mark I Mortgage Vic Aghakanian Loan Officer  
First Choice Bank 5
Gateway Business Bank 198

SBA Lenders for Cerritos Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Banco Popular North America
New York City, NY
2
Bank Of America
Charlotte, NC
17
California Bank & Trust
Sacramento, CA
3
California Bank & Trust
San Diego, CA
3
Capital One
Mclean, VA
6
First California Bank
Camarillo, CA
1
Gbc International Bank
Monterey Park, CA
1
Innovative Bank
Oakland, CA
6
Los Angeles National Bank
Buena Park, CA
1
Nara Bank
Los Angeles, CA
1
Pacific City Bank
Los Angeles, CA
2
South Cnty Bank
Rancho Santa Margarit, CA
3
U.S. Bank National Association
Cincinnati, OH
1
Wells Fargo Bank
San Jose, CA
1
Wilshire State Bank
Los Angeles, CA
2

Cerritos Business Loan Advice

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, define how the money will be used, and show how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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, you will likely be asked to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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. 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

Invest the time to learn as much as you can about Raising Money. For starters, we suggest you read 504 Loans.

Business Loan Sources for Other Cities in California
Get a Business Loan in Ceres
Get a Business Loan in Chico

Browse All Business Loan Sources for California