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

Small Business Lenders in Farmersville, California

 
Loan Census SBA Loan Info

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

If you are planning on applying for a small business loan and your business is based in Farmersville, California, we've put together a list of local small business banks that you should contact.

Lenders for Farmersville Businesses

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

Small Business Bank Recent SBA Loans
Nara Bank
Los Angeles, CA
1
Visalia Community Bank
Visalia, CA
1

Business Loan Advice for Farmersville Businesses

As a prerequisite to contacting lenders to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, define how the money will be used, and show how you intend to to pay the loan back to the lender.

Having a business plan is an important prerequisite. If the money is to for an existing business, you should also have financial statements covering the last three years. Bankers will also want to know 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 you cannot repay the loan.

If the business has few assets, you will likely be asked to pledge 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 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

If you are serious about Raising Money, you need to learn as much as you can. If you haven't read it already, we recommend you review Getting a Small Business Loan.

More Business Lender Lists for California Cities
Get a Business Loan in Fallbrook
Get a Business Loan in Folsom

Browse All Business Loan Sources for California