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

Small Business Lenders in Covina, California

 
Loan Census SBA Loan Info

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

If you are hoping to get a small business loan and your business is based in Covina, California, we've assembled a list of local small business banks that you should contact.

Local Covina Lending Resources

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

Small Business Bank Recent SBA Loans
Amalgamated Bank  
Bank Of America  
Pacific Western Bank 6

SBA Lenders for Covina Businesses

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

Small Business Bank Recent SBA Loans
1st Centennial Bank
Redlands, CA
2
Bank Of America
Charlotte, NC
20
Beach Business Bank
Manhattan Beach, CA
1
California Bank & Trust
Sacramento, CA
3
Capital One
Mclean, VA
7
Cit Small Business Lending Corp
Livingston, NJ
2
Citibank
Las Vegas, NV
2
Citibank
San Francisco, CA
4
Citizens Business Bank
Ontario, CA
1
Comerica Bank
Dallas, TX
5
Community Bank
Pasadena, CA
2
East West Bank
El Monte, CA
1
East West Bank
Pasadena, CA
1
First Bank
Huntington Beach, CA
2
Fullerton Community Bank, FSB
Fullerton, CA
3
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
7
Inland Commun Bank
Duarte, CA
2
Innovative Bank
Oakland, CA
14
Lehman Brothers Bank, FSB
Wilmington, DE
1
Nara Bank
Los Angeles, CA
1
National Bank Of California
Los Angeles, CA
2
Pacific Western Bank
Escondido, CA
1
Pacific Western Bank
Glendora, CA
2
Pacific Western Bank
Huntington Beach, CA
1
Pacific Western Bank
Rosemead, CA
1
Pff Bank & Trust
Rancho Cucamonga, CA
1
Saehan Bank
Los Angeles, CA
1
Shinhan Bank America
New York City, NY
1
U.S. Bank National Association
Cincinnati, OH
2
United Commercial Bank
Rosemead, CA
1
United Commercial Bank
San Francisco, CA
4
Uniti Bank
Buena Park, CA
2
Vineyard Bank
Corona, CA
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
6
Wilshire State Bank
Los Angeles, CA
2

Business Loan Advice for Covina Businesses

Prior to contacting banks to get a bank loan, you will need to determine exactly what size loan you will be asking for.

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.

Being able to present a well-written business plan is an important prerequisite. If the capital 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 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 the banks in our list 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 devoted to aiding entrepreneurs, and we have a lot of useful articles about to Raising Money. To learn more, one article that might be of interest to you is Borrowing Money from Friends and Family.

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