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

Fort Bragg, California Small Business Loans

 
Loan Census SBA Loan Info

Raising money in Fort Bragg, California? If so, you'll want to talk to some of these small business lenders in Fort Bragg.

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

Local Fort Bragg Business Loan Sources

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

Small Business Bank Recent SBA Loans
Bank Of America  

Business Loan Providers for Fort Bragg Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
1
Comerica Bank
Dallas, TX
1
Heritage Bank Of Commerce
San Jose, CA
2
Mirae Bank
Los Angeles, CA
1
Safe-bidco
Santa Rosa, CA
1
Sterling Savings Bank
Santa Rosa, CA
7
Sterling Savings Bank
Spokane, WA
1
Umpqua Bank
Roseville, CA
1
Wells Fargo Bank
San Jose, CA
3
Wells Fargo Bank
Sioux Falls, SD
1

Fort Bragg Bank Loan Tips

Before reaching out to banks to get a bank loan, you will need to develop the specifics of your loan request.

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 your ability to pay the loan back to the bank.

A well-defined business plan is an important prerequisite. If the loan 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 guarantee 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, the bank may ask you to to to guarantee the loan with your personal assets, such as your individual retirement account or pension plan. 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 participate in the financial assistance programs available through the SBA. Before meeting with the banker, 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

Take the time to learn as much as you can about Raising Money. To get started, we suggest you read Getting a Small Business Loan.

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