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

Business Loan Eureka, California

 
Loan Census SBA Loan Info

Small business loans in Eureka, California are available. You just need to talk to the right bank.

This article is written specifically for entrepreneurs in Eureka, California who are interested in getting a small business loan.

Local Eureka Lending Resources

Without further adieu, here's our list of small business banks in Eureka.

Small Business Bank Recent SBA Loans
Bank Of America  
North Valley Bank 6
Redwood Capital Bank 9
Umpqua Bank 3

Business Loan Providers for Eureka Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
7
Beach Business Bank
Manhattan Beach, CA
1
Cit Small Business Lending Corp
Livingston, NJ
3
Comerica Bank
Dallas, TX
2
Excel National Bank
Beverly Hills, CA
1
Ge Cap. Small Business Finan Corp
St. Louis, MO
1
Hanmi Bank
Los Angeles, CA
1
Heritage Bank Of Commerce
San Jose, CA
3
Temecula Valley Bank
Temecula, CA
2
U.S. Bank National Association
Cincinnati, OH
3
U.S. Bank National Association
San Diego, CA
1
Umpqua Bank
Roseburg, OR
8
Umpqua Bank
Roseville, CA
35
Wells Fargo Bank
San Jose, CA
2
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Eureka

Before contacting 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, define how the money will be used, and show how you plan to pay the money back to the bank.

A well-defined business plan is is critically important. If the loan is to for an existing 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 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 these banks 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

Gaebler.com is a site that is deeply committed to providing advice to entrepreneurs, and we have a lot of information pertaining to to Raising Money. For example, one article that might be of interest to you is Business Incubators.

More Business Lender Lists for California Cities
Get a Business Loan in Escondido
Get a Business Loan in Exeter

Browse All Business Loan Sources for California