Loan Census Banking News and Information
April 21, 2021  
 
 
  Business Loan Information  
 

Small Business Lenders in Downey, California

 
Loan Census SBA Loan Info

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

If you are looking for a small business loan and your business is based in Downey, California, we've assembled a list of local small business banks that you should contact.

Local Downey Business Loan Sources

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

Small Business Bank Recent SBA Loans
Banco Popular North America 9
Bank Of America  
Bank of Orange County  
Bank of the West - Branch Locations- Downey Office  
Bank Printing CO Inc  
California Financial Bankcorp  
Southland Credit Union 13

SBA Lenders for Downey Businesses

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

Small Business Bank Recent SBA Loans
Alliance Bank
Culver City, CA
1
Americas United Bank
Glendale, CA
1
Banco Popular North America
New York City, NY
21
Bank Of America
Charlotte, NC
51
Bank Of The West
Truckee, CA
1
Bbva Bancomer Usa
Moreno Valley, CA
1
California Bank & Trust
Sacramento, CA
7
Capital One
Mclean, VA
3
Capital One Bank (usa)
Glen Allen, VA
1
Cathay Bank
Alhambra, CA
1
Center Bank
Los Angeles, CA
1
Cit Small Business Lending Corp
Livingston, NJ
1
Citibank
Las Vegas, NV
3
Citibank
Miami, FL
1
Citibank
San Francisco, CA
3
Comerica Bank
Dallas, TX
5
Commonwealth Business Bank
Los Angeles, CA
1
First Private Bank & Trust
Encino, CA
2
First Western Sblc, Inc
Dallas, TX
1
Fullerton Community Bank, FSB
Fullerton, CA
1
Gateway Business Bank
Cerritos, CA
2
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
6
Independence Bank
East Greenwich, RI
1
Innovative Bank
Oakland, CA
11
Internatl City Bank
Long Beach, CA
1
Mirae Bank
Los Angeles, CA
1
Nara Bank
Los Angeles, CA
4
National Bank Of California
Los Angeles, CA
1
Pacific City Bank
Los Angeles, CA
1
Pacific Western Bank
Escondido, CA
2
Saehan Bank
Los Angeles, CA
1
Santa Clara Valley Bank National A
Santa Paula, CA
1
South Cnty Bank
Rancho Santa Margarit, CA
1
South Valley National Bank A Divis
Gilroy, CA
1
Superior Financial Group, LLC
Walnut Creek, CA
1
Temecula Valley Bank
Temecula, CA
3
Tomatobank
City Of Industry, CA
1
U.S. Bank National Association
Cincinnati, OH
15
Union Bank Of California
San Francisco, CA
2
United Commercial Bank
San Francisco, CA
3
United Pacific Bank
City Of Industry, CA
1
Uniti Bank
Buena Park, CA
4
Ups Capital Business Credit
Windsor, CT
1
Washington Mutual Bank
Henderson, NV
4
Wells Fargo Bank
Carlsbad, CA
1
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank
Sioux Falls, SD
1
Wilshire State Bank
Los Angeles, CA
2

Business Loan Advice for Downey Businesses

Prior 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, define how the money will be used, and show your ability to pay the money back to the bank.

Being able to present a well-written business plan is is critically important. 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 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 the equity in your home. 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 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 get up to speed on the subject. If you haven't read it already, we recommend you review How Equity Dilution Works.

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