If you are looking for a small business loan and your business is based in Frazier Park, California, we've put together a list of local small business banks that you should contact.
Local Frazier Park Business Loan Sources
To assist you in finding a small business banker, here's our list of small business banks in Frazier Park.
|Small Business Bank
||Recent SBA Loans
|Antelope Valley Bank - Branch Offices- Frazier Park
Banks that Lend to Frazier Park Businesses
This is a list of banks outside of Frazier Park, California that have provided SBA loans to Frazier Park businesses. Some of these may be national banks with local branch locations.
Business Loan Advice for Frazier Park Businesses
Before contacting banks for a 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, walk the banker through the planned use of proceeds, and show how you intend to to pay the loan back to the bank.
Having a 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 guarantee 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 pledge 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 participate in the financial assistance programs available through the SBA. 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
Invest the time to learn as much as you can about Raising
Money. To get the ball rolling, we suggest you read
Getting a Small Business Loan.
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