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

Cottonwood, California Business Loan

 
Loan Census SBA Loan Info

Looking for a Cottonwood, California small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

These materials were prepared for entrepreneurs in Cottonwood, California who are interested in getting a small business loan.

Other Lending Resources for Cottonwood Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Bank Of The West
Sacramento, CA
1
Bank Of The West
Truckee, CA
1
Capital One
Mclean, VA
2
Heritage Bank Of Commerce
San Jose, CA
1
North Valley Bank
Redding, CA
2
Redding Bank Of Commerce
Redding, CA
1
Temecula Valley Bank
Temecula, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Umpqua Bank
Roseburg, OR
1
Umpqua Bank
Roseville, CA
3

Cottonwood Business Loan Advice

Before meeting with lenders 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 lender.

A well-defined 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. Bankers will also want to know 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, the bank may ask you to to secure the business with your personal assets, such as stocks and bonds that you might own or life insurance policies. 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 the banks in our list participate in the financial assistance programs available through the SBA. Prior to visiting local banks, you may want to do your homework 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 it a priority to learn as much as you can about Raising Money. For starters, we recommend you read Getting a Small Business Loan.

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