Loan Census Banking News and Information
December 5, 2023  
  Business Loan Information  

Glen Ellen, California Business Loan

Loan Census SBA Loan Info

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

This article is written specifically for small business owners in Glen Ellen, California who are interested in getting a small business loan.

SBA Lenders for Glen Ellen Businesses

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

Small Business Bank Recent SBA Loans
Bank Of The West
Truckee, CA
Capital One
Mclean, VA
Tamalpais Bank
San Rafael, CA
Washington Mutual Bank
Henderson, NV
Wells Fargo Bank
Sacramento, CA
Wells Fargo Bank
San Jose, CA

Glen Ellen Business Loan Advice

Before 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, describe what the money will finance, and show how you plan to pay the loan back to the lender.

Being able to present a well-written business plan is is critically important. If the bank loan 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 secure the business 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 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 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. 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 504 Loans.

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