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April 23, 2021  
 
 
  Business Loan Information  
 

Business Loan Crescent Mills, California

 
Loan Census SBA Loan Info

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

These materials were prepared for small business owners in Crescent Mills, California who are interested in getting a small business loan.

SBA Lenders for Crescent Mills Businesses

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

Small Business Bank Recent SBA Loans
Plumas Bank
Chester, CA
1
U.S. Bank National Association
Cincinnati, OH
1

Tips for Getting a Business Loan in Crescent Mills

As a prerequisite to meeting with banks to get a bank 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 intend to to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. If the money is to for a going concern, 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 to guarantee the loan 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 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

If you are planning on Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Borrowing Money from Friends and Family.

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