Loan Census Banking News and Information
August 5, 2021  
 
 
  Business Loan Information  
 

Desert Hot Springs, California Business Loan

 
Loan Census SBA Loan Info

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

These materials were prepared for entrepreneurs in Desert Hot Springs, California who are interested in getting a bank loan.

Local Desert Hot Springs Lending Resources

Without further adieu, here's our list of small business banks in Desert Hot Springs.

Small Business Bank Recent SBA Loans
Bank Of America  

Lenders for Desert Hot Springs Businesses

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

Small Business Bank Recent SBA Loans
Banco Popular North America
New York City, NY
1
Bank Of America
Charlotte, NC
11
Bbva Bancomer Usa
Diamond Bar, CA
1
Borrego Springs Bank
Borrego Springs, CA
1
California Bank & Trust
Sacramento, CA
1
Capital One
Mclean, VA
1
Capital One Bank (usa)
Glen Allen, VA
1
Comerica Bank
Dallas, TX
2
Community Bank
Pasadena, CA
1
Hanmi Bank
Los Angeles, CA
1
Nara Bank
Los Angeles, CA
1
Pacific Western Bank
Escondido, CA
1
Pff Bank & Trust
Pomona, CA
1
Pff Bank & Trust
Rancho Cucamonga, CA
1
Saehan Bank
Los Angeles, CA
1
Uniti Bank
Buena Park, CA
2
Wells Fargo Bank
San Jose, CA
2
Wilshire State Bank
Los Angeles, CA
1
Zions First National Bank
West Valley City, UT
2

Desert Hot Springs Business Loan Advice

Prior to reaching out to 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, define how the money will be used, and show how you intend to to pay the money back to the bank.

A well-defined business plan is essential. If the bank loan is to for a company that is already doing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 secure the business 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 are SBA lenders. Before meeting with the 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

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

More Business Lender Lists for California Cities
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