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

Business Loan Daly City, California

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Daly City, California who are interested in getting a bank loan.

Local Daly City Banks

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

Small Business Bank Recent SBA Loans
Bank Of America  

Business Loan Providers for Daly City Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
10
California Bank & Trust
Sacramento, CA
4
California Preferred Cu
San Francisco, CA
1
Capital One
Mclean, VA
1
Citibank
Las Vegas, NV
1
Comerica Bank
Dallas, TX
1
Excel National Bank
Beverly Hills, CA
1
Far East National Bank
San Francisco, CA
1
First National Bank - Northern Calif
San Francisco, CA
1
Greater Bay Bank
Palo Alto, CA
1
Hanmi Bank
Los Angeles, CA
2
Innovative Bank
Oakland, CA
1
Lehman Brothers Bank, FSB
Wilmington, DE
2
Nara Bank
Los Angeles, CA
1
Pacific Cap. Bank
Santa Barbara, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Union Bank Of California
San Rafael, CA
1
United American Bank
San Mateo, CA
1
United Commercial Bank
San Francisco, CA
4
Valley Community Bank
Pleasanton, CA
2
Wachovia SBA Lending, Inc.
Roseville, CA
1
Washington Mutual Bank
Henderson, NV
3
Wells Fargo Bank
San Jose, CA
9

Tips for Getting a Business Loan in Daly City

Prior to reaching out to 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, describe what the money will finance, and show how you plan to pay the loan back to the bank.

Having a business plan is an important prerequisite. If the loan 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 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 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 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

Take the time to learn as much as you can about Raising Money. For starters, we suggest you read Getting a Small Business Loan.

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