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April 21, 2021  
 
 
  Business Loan Information  
 

Business Loan French Camp, California

 
Loan Census SBA Loan Info

Getting a business loan in French Camp, California seems challenging at first, but we're here to help you get started.

These materials were prepared for entrepreneurs in French Camp, California who are interested in getting a bank loan.

Business Loan Providers for French Camp Businesses

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

Small Business Bank Recent SBA Loans
Business Loan Center, LLC
New York, NY
1
Comerica Bank
Dallas, TX
1
Umpqua Bank
Roseville, CA
1
United Commercial Bank
San Francisco, CA
2
Wachovia SBA Lending, Inc.
Roseville, CA
1

Tips for Getting a Business Loan in French Camp

Prior to contacting 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.

A well-defined business plan is essential. If the capital is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize 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 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 are SBA lenders. Prior to visiting local banks, 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 deeply committed to helping entrepreneurs, and we have a lot of useful articles about to Raising Money. For example, we would suggest you read How Equity Dilution Works.

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