If you are looking for a small business loan and your business is based in Dixon, California, we've assembled a list of local small business banks that you should contact.
Local Dixon Business Loan Sources
To help you learn more about local small business lenders, here's our list of small business banks in Dixon.
Other Lending Resources for Dixon Businesses
This is a list of banks outside of Dixon, California that have provided SBA loans to Dixon businesses. Some of these may be national banks with local branch locations.
|Small Business Bank
|Recent SBA Loans
|Bank Of America
|Bank Of The West
San Francisco, CA
San Jose, CA
|California Bank & Trust
|Farmers & Merchants Bank - Cent.
Los Angeles, CA
|Small Business Loan Source LLC
|Temecula Valley Bank
|U.S. Bank National Association
|Wells Fargo Bank
San Jose, CA
Dixon Bank Loan Tips
Prior to reaching out to banks to discuss getting a bank 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 how you plan to pay the money back to the bank.
A well-defined business plan is essential. If the financing is to for a company that is already doing business, you should also have financial statements covering the last three years. You will also need to discuss 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 to guarantee the loan 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 are SBA lenders. Before you sit down to talk with a small business 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.
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