Loan Census Banking News and Information
April 15, 2021  
 
 
  Business Loan Information  
 

Foster City, California Business Loan

 
Loan Census SBA Loan Info

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

We wrote this article for small business proprietors in Foster City, California who are interested in getting debt financing.

Local Foster City Banks

To help you learn more about local small business lenders, here's our list of small business banks in Foster City.

Small Business Bank Recent SBA Loans
Affinity Bank  
Bank Of America  

Lenders for Foster City Businesses

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

Small Business Bank Recent SBA Loans
Bank Of America
Charlotte, NC
4
California Bank & Trust
Sacramento, CA
2
Capital One
Mclean, VA
2
Citibank
Las Vegas, NV
1
Citibank
San Francisco, CA
2
Comerica Bank
Dallas, TX
1
Cupertino National Bank A Division
Cupertino, CA
1
Greater Bay Bank
Palo Alto, CA
1
Heritage Bank Of Commerce
San Jose, CA
1
Innovative Bank
Oakland, CA
3
San Jose National Bank A Division
San Jose, CA
1
U.S. Bank National Association
Cincinnati, OH
3
Ups Capital Business Credit
Windsor, CT
1
Washington Mutual Bank
Henderson, NV
2
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank
Sioux Falls, SD
1

Foster City Business Loan Advice

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 explain your business, explain how much you want to borrow, define how the money will be used, and show how you plan to pay the loan back to the bank.

Having a business plan is essential. 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 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, the bank may ask you to to to guarantee the loan with your personal assets, such as the equity in your home. 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 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

Gaebler.com is a site that is dedicated to assisting entrepreneurs, and we have a lot of information pertaining to to Raising Money. To learn more, we would suggest you read Angel Investors.

Business Loan Sources for Other Cities in California
Get a Business Loan in Fortuna
Get a Business Loan in Fountain Valley

Browse All Business Loan Sources for California